Republicans have been harshly criticizing the United States Senate for failing to adopt a budget. A Democrat disputes the notion.
It is an oft-repeated criticism; that the United States Senate hasn’t approved a budget for years.
“We’re hearing more verbal potshots about the Senate supposedly not having a budget for over a thousand days now,” Sen. Ben Nelson says. “That’s a myth.”
Nelson, a Democrat, rejects the charge leveled by Republicans. Nelson contends the Senate doesn’t need to pass a budget, because Congress adopted the Budget Control Act last summer.
“In contrast to a budget resolution, this document created 10 years of legally binding spending caps, which I might add, created 900 billion in spending reductions,” according to Nelson.
Nelson says the real problem in Washington is that too many in Congress do not want to follow what they agreed to last year.
Nelson adds that overwhelming passage of a three-year reauthorization of the Export-Import Bank of the United States proves Democrats and Republicans can work together if they want to.
The Senate approved the Export-Import Bank Reauthorization Act of 2012 on a 78 to 20 vote. The bill now moves to the president’s desk. President Obama is expected to sign it into law.
The Export-Import Bank is vital to small to medium manufacturers in Nebraska, according to Nelson, because it provides financing when it isn’t available in the private sector. The bank supported more than $41 billion in export sales. In 2011, Nebraska exports totaled $7.6 billion.
AUDIO: Brent Martin reports [:40]