No, Sparky, you didn’t.
The Democratic Senator from North Dakota is taking the position that The Budget Control Act (the formal name for the agreement that raised the debt ceiling) totally counts as a budget. While the idea of a federal budget that only takes twenty-eight pages to describe is actually kind of intriguing to me, the fact remains that the summary tables of an actual federal budget are larger. More to the point, in a budget you get an idea of:
- How much money is coming in;
- From where it’s coming in;
- How much money is going out;
- And where the money is going.
Guess which of the two documents has that information? Spoiler warning: it’s not the document that Senator Conrad is touting as being a budget. Continue reading Sen. Kent Conrad (D-LAME DUCK, ND): We did too pass a budget!