Right Now

Mar 31 2009

$3.9 trillion 2010 Budget Resolution Amendments and Highlights

Spends $17.9 Trillion Over the Next Five Years

Dr. Coburn's amendments to the 2010 budget resolution:

Amendment 828Protecting Patients and Health Care Providers from Government Health Care Coercion

Ensures that the funds made available through the budget’s health care reserve fund will not be used to violate the conscience of health care providers or to allow government bureaucrats to make health care choices for patients, including which doctors they may see.  Additional background can be found here.

Amendment 830Allowing Penalty-free Withdrawals from Retirement Accounts to Make Mortgage Payments

Allows for a temporary suspension of the 10 percent early withdrawal tax penalty for withdrawals from retirement accounts to allow struggling families to make monthly mortgage payments.  Additional background can be found here.

Amendment 891 Exposing Who and How the Stimulus Bill Was Changed to Allow Millions of Dollars of Bonuses for AIG

Establishes a deficit-neutral reserve fund to provide full disclosure by Members of Congress and executive branch officers regarding their involvement in the questionable language allowing for millions of dollars of bonuses for AIG employees that was secretly inserted into the American Recovery and Reinvestment Act of 2009.  Additional background can be found here.

Amendment 892Ending Bogus Bonuses for Poor Performance by Government Contractors and Executives

Establishes a deficit-neutral reserve fund to end bonuses awarded to contractors and government executives responsible for over budget projects and programs that fail to meet basic performance requirements.  Additional background can be found here.

Amendment 893Reviewing the Budget “Line by Line” to Identify and Eliminate Waste

Establishes a deficit-neutral reserve fund to go “line by line” through the federal budget to identify and eliminate duplicative, inefficient, or failing government programs.  Additional background can be found here.

Amendment 894Sets Performance Standards to Identify Failing Government Programs

Establishes a deficit-neutral reserve fund to set performance measures for every government program.  Additional background can be found here.

Amendment 895Ending No Bid Contracts by Requiring Competitive Bidding

Establishes a deficit-neutral reserve fund to end abusive no-bid contracts by requiring all federal contracts over $25,000 be competitively bid.  Additional background can be found here.

Amendment 896 Requiring Transparency by the United Nations

Establishes a deficit-neutral reserve fund to require the U.N. to be transparent and accountable for how it spends U.S. funding.  Additional background can be found here

Total Spending
Total spending under this budget is $3.9 trillion in 2009, or 28% of GDP, the highest level as a share of GDP since World War II.

Discretionary Spending
This budget provides $1.2 trillion in discretionary budget authority for FY 2010 and increases discretionary spending by $490 billion over 5 years. Total spending in 2009 is 28 percent of GDP.

Mandatory Spending
The Democrat budget includes $2.2 trillion in mandatory spending for FY 2010, which includes Social Security, Medicare and Medicaid spending.

Total National Debt
Today: $11.055 trillion

Under the Democrat Budget:
FY 2010: $12.2 trillion
FY 2011: $14.3 trillion
FY 2012: $15.3 trillion
FY 2013: $16.1 trillion
FY 2014: $17.0 trillion

Public Debt
This budget adds $4.96 trillion to the public debt by 2014. Debt will be about two-thirds of GDP for the entire budget window, and deficits will be at least $500 billion in each year of the budget window.

Read more highlights here