Budget Resolution. The final version of the Fiscal 2009 Budget Resolution (Senate Concurrent Resolution 70) was adopted 214-210 on June 5, 2008 (Roll Call 382). Drafted by the Democrats, this $3.03 trillion budget sets nonbinding limits for the 12 annual appropriations bills. Last year’s $2.9 trillion budget allowed $145.2 billion for operations in Iraq and Afghanistan. The new budget included only $70 billion for the two wars in 2009 and nothing thereafter, an unrealistic notion that understates true spending intent and necessitates more war funding in a supplemental bill. The budget would be significantly higher if war funding were not largely off-budget. The plan predicts a hypothetical budget surplus by 2012, which is meaningless.
All spending bills would be increased over 2008. The budget assumes that revenue will be stable or increase and that some tax cuts will expire. An increase was called for in the statutory debt ceiling by $800 billion to $10.6 trillion. That promptly occurred in the Fannie Mae and Freddie Mac bailout.
The Senate adopted Senate Con. Res. 70 on June 4, 2008 by a vote of 48-45 (Roll Call 142). We have assigned pluses to the nays because inflation and the national debt are skyrocketing as Congress persistently disregards constitutional limits on spending.
