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Cato Podcast

Congress & President Work Together to Bust the Budget

Cato Podcast

Cato Institute

Immigration, News, News Commentary, Peace, 424708, Markets, Government, Libertarian, Policy, Politics, Cato, Defense

4.5979 Ratings

🗓️ 17 June 2015

⏱️ 6 minutes

🧾️ Download transcript

Summary

The President and Congress are working together to circumvent budget controls established in 2011. Nicole Kaeding comments.

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Transcript

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0:00.0

This is the Cato Daily Podcast for Wednesday, June 17, 2015.

0:06.0

I'm Caleb Brown.

0:07.0

The President says he doesn't want to go along with budget controls.

0:10.0

He himself signed into law in 2011, but the GOP is more than willing to go along with the president.

0:16.0

In fact, congressional Republicans have already circumvented budget controls on defense.

0:21.0

Cato Budget Analysts Nicole Kating discusses the budget dance in Washington.

0:26.0

What the president has said yesterday and has said several times over the last two months

0:31.0

is that if any bill that Congress sends to his desk that sets

0:36.1

the spending levels to match this 2011 debt ceiling deal called the Budget Control Act,

0:42.1

any bill that gets to his desk that meets this levels,

0:44.7

he will veto.

0:46.0

Meaning that levels that are low enough

0:50.8

to not trigger sequestration.

0:54.0

That's correct.

0:55.0

Well, the president in essence is saying is that he wants to increase spending and he wants to increase

0:59.8

it even faster than they agreed to do it in 2011.

1:03.0

But Republicans are more than happy to go along with the president

1:08.2

in terms of getting rid of these spending cuts.

1:11.4

What the White House and what Congress is doing right now is basically a dance.

1:15.8

They're showing off and saying, okay, the Democrats and the White House would like to increase

1:20.2

the non-defense part of the budget.

1:22.6

The Republicans in Congress, the vast majority of them,

...

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