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Senate Dem Jokes About Making History By Proposing A Budget For First Time In Four Years

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Photo Credit: ozmafan

Senate Budget Committee Chairman Patty Murray, D-Wash., held a hearing on the first budget proposed by Senate Democrats in four years, and the significance of the moment was not lost on her.

“I understand we have a new pope and a committee hearing to mark up a budget; that’s history twice, so that’s good,” Murray quipped at the outset.

Murray, who irritated Republicans by not releasing her budget until after the hearing, proceeded to review the Clinton presidency to make the case for raising $975 billion in tax revenue by “closing loopholes” and increasing by $2.1 trillion over the next ten years.

“If this budget passes, the total deficit reduction since the Simpson-Bowles report will consist of 64 percent spending cuts, 14 percent tax rate increases on the rich, and 22 percent new revenue by closing loopholes and cutting wasteful spending in the tax code for the wealthiest Americans and biggest corporations,” she said in her opening statement, adding later that her budget would “tackle our deficit responsibly, reinvest in the middle class, build a strong foundation for growth, and restore the promise of American opportunity.”

Murray’s budget, like her joke, went over with Republicans like a lead balloon. “The blatant unwillingness of Senate Democrats to write and pass a budget for the federal government is not a joke,” a Senate Republican aide responded. “It has led to the highest annual deficits on record, which will have to be paid for by future generations of Americans. I wonder how funny Sen. Murray’s grand-kids will find it when they’re paying a trillion dollars in annual interest payments?”

Read more from this story HERE.

Americans Joining Disability Now Outpacing Americans Finding Jobs

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In the last three months, more Americans have joined disability than have found a job.

Between April-June 2012, an estimated 246,000 Americans were added to Social Security’s disability insurance program. In that same time period, only 225,000 American jobs were created.

Since 2008, 3.6. million Americans have been added to Social Security’s disability insurance program. In that same time period, a net total of 1.3 million jobs were lost.

“Amazingly, while fewer Americans are working than at the end of 2008, 3.6 million Americans have been awarded SSDI benefits over the same period. The growing number of people on disability and other federal benefits, combined with weak economic growth, raises serious concerns about the sustainability of the American economy,” Senator Jeff Sessions, ranking member of the Senate Budget Committee, says in a statement in response to these new numbers.

“It is clear there is a great need to distinguish between proper and improper disability claims, and to better incentivize and find acceptable work for those who are able. Today only 1 percent of Social Security disability recipients ever return to work. The administration of this program must be improved to avoid sinking our country deeper into debt, to ensure the program remains viable for those with disabilities, and to protect Social Security itself.”

Read more from this story and see the charts reflecting these numbers HERE.