Thursday, March 17, 2005

Budget

The Senate passed its budget today. So what does that mean?

Well, the Senate and the House have to agree on a budget for it to get ultimately passed. What today's vote means is that the Senate has chosen its first budget draft. The House has also proposed its own fiscal outline, but the two are quite different. The Senate's plan has excised some of the budget cuts that Bush had called for, while the House's plan calls for many more spending cuts. The House has chided the Senate for irresponsible spending, most notably in Medicaid (which Bush had proposed be cut).

So what does this all mean? I have absolutely no idea. I know that the two houses of Congress have to agree on a budget, but I also know that sometimes a budget doesn't pass, and that that's not a catastrophic thing. I don't understand for a second why that should be.

If anybody's got any idea, please throw a comment up there and enlighten.

Fargus...