As I listened to House Budget Committee Chairman Paul Ryan describe his latest budget plan in a speech at the American Enterprise Institute this week, I couldn’t help thinking how different things will be in Britain when Chancellor of the Exchequer George Osborne steps out of No. 11 Downing Street with a battered red briefcase holding his budget for the forthcoming year.
Ryan’s budget will almost surely be passed by the House of Representatives, all but four of whose Republican members voted for his budget last year. But it will not pass in the Senate, whose Democratic majority, in defiance of legal requirements, did not produce a budget for the last two years and is poised to not pass one again this year.
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