Tags: Exclusive Interviews | MidPoint | vito fossella | republicans | balance | budge | ten

Ex-Rep. Fossella: Congress Won't Balance Budget in 10 Years

By    |   Thursday, 19 Mar 2015 05:40 PM

The $3.8 trillion budget for 2016 unveiled by House Republicans on Tuesday is, like every other budget Congress rolls out, a political exercise as well as a fiscal one, and a "starting point" for negotiations, not a record of what the federal government will actually spend, says former Rep. Vito Fossella.

"I've never really put too much stock into these, if you will, 'resolutions' and this budget process," the Staten Island Republican told "MidPoint" host Ed Berliner on Newsmax TV  Thursday. "The numbers almost become make believe. So I wouldn't pay too much attention to how they frame it."

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Fossella said that "the key part in all of this is what comes perhaps in the summer, and later towards the end of the year, when they actually spend the money."

The former congressman turned lobbyist said likewise to not take as gospel the 10-year balanced budget timeline in the new GOP spending plan.

"The country should put itself on a path to balance the budget.... But I do not think that these statements of five, 10, 15 years will bear fruit," he said. "They never have and they probably never will."

He said the best thing Washington can do to balance the budget is adopt policies that help the private sector grow the economy and put more taxpaying people to work.

Although both chambers of Congress are in Republican hands for the first time in eight years, and the GOP is dealing with a Democrat in the White House, Fossella said the partisan battles and intra-party disputes already erupting over the 2016 budget are essentially nothing new.

"Almost like the movie 'Groundhog Day,' " he said. "We hear the same thing — we see the same thing — over and over."

He said the end result — a budget the president will agree to sign into law — has to be "collaborative."

"We happen to have a president … who could veto any legislation," said Fossella, adding, "You have to take a step back and say, what's realistic? What's reasonable? And what's a blueprint that the people can look to, particularly those in Congress, who can say that's something we're proud of?

"We're not there yet, obviously, because of the normal grenades from the left," he said.

Fossella also discussed Israel's national elections this week and praised re-elected Prime Minister Benjamin Netanyahu for walking back a last-minute campaign promise to never allow an independent Palestinian state.

"What could happen over time is, you could have a two-state solution if and when the real true leaders in the Middle East step forward, who deal honorably with people in the state of Israel, who won't call for its destruction or its demise, but recognize it as an equal partner in government," said Fossella.

"But until and unless that happens, we have to stand with our strong friend and ally to ensure that they can live with peace and security as we do here," he said.

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The $3.8 trillion budget for 2016 unveiled by House Republicans on Tuesday is, like every other budget Congress rolls out, a political exercise as well as a fiscal one, and a "starting point" for negotiations, not...
vito fossella, republicans, balance, budge, ten, years
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2015-40-19
Thursday, 19 Mar 2015 05:40 PM
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