What: All Issues : Making Government Work for Everyone, Not Just the Rich or Powerful : Insuring Government Has Adequate Financing to Function : A vote on passing a Democratic amendment to the fiscal year 2005 budget resolution (S.Con.Res. 95) that would strike language from the bill instructing the Senate Finance Committee to report legislation that would increase the federal statutory debt limit. (2004 senate Roll Call 57)
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A vote on passing a Democratic amendment to the fiscal year 2005 budget resolution (S.Con.Res. 95) that would strike language from the bill instructing the Senate Finance Committee to report legislation that would increase the federal statutory debt limit.
senate Roll Call 57     Mar 11, 2004
Progressive Position:
Yea
Progressive Result:
Loss

Progressives failed to help advance this amendment by Sen. Frank Lautenberg (D-N.J.) to the fiscal year 2005 budget resolution (S.Con.Res. 95). Lautenberg's amendment would strike language from the budget bill instructing the Senate Finance Committee to report legislation that would increase the federal statutory debt limit. Progressives said this amendment was designed to cut through the arcane language of the budget resolution, and make it patently clear to the American people, "this budget bill carries hidden in its mystical language an increase of $664 billion with instruction to the Senate and the House to go up to a total of $8 trillion on the debt limit; therefore, virtually automatically permitting more borrowing to take place without review and direct approval." Said Lautenberg, "I urge my colleagues to support this amendment so we can defer any attempt to increase our debt limit unless it is clear to all what we are going to do by taking our debt limit through the roof. I hope we can get support for this so we can have an intelligent debate specifically on the debt limit at a later time." conservatives argued that while passing a debt limit was important, the budget resolution was an inappropriate place to do it. Lautenberg's amendment was rejected 42-54, meaning the Senate Finance Committee is free in its budget bill to raise the ceiling on the federal debt limit.

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