Political Quotes

“Mr. President, section 106 of the Budget Control Act of 2011 provides for budget enforcement in the Senate for the remainder of the current year, 2011, for the upcoming budget year, 2012, and, if necessary, for fiscal year 2013. Section 106(b)(1) requires the chairman of the Budget Committee to file: (1) allocations for fiscal years 2011 and 2012 for the Committee on Appropriations; (2) allocations for fiscal years 2011, 2012, 2012 through 2016, and 2012 through 2021 for committees other than the Committee on Appropriations; (3) aggregate spending levels for fiscal years 2011 and 2012; (4) aggregate revenue levels for fiscal years 2011, 2012, 2012 through 2016, and 2012 through 2021; and (5) aggregate outlay and revenue levels for fiscal years 2011, 2012, 2012 through 2016, and 2012 through 2021 for Social Security. In the case of the Committee on Appropriations, the allocations for 2011 and 2012 shall be set consistent with the discretionary spending limits set forth in the Budget Control Act. In the case of allocations for committees other than the Committee on Appropriations and the revenue and Social Security aggregates, the levels shall be set consistent with the Congressional Budget Office's March 2011 baseline adjusted to account for the budgetary effects of legislation enacted prior to and including the Budget Control Act but not included in the March 2011 baseline.…”