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From: charli@cylixd.UUCP (Charli Phillips)
Newsgroups: net.politics
Subject: Re: Supply-side Economics: the  Savings
Message-ID: <449@cylixd.UUCP>
Date: Wed, 6-Nov-85 13:53:57 EST
Article-I.D.: cylixd.449
Posted: Wed Nov  6 13:53:57 1985
Date-Received: Thu, 7-Nov-85 21:45:25 EST
References: <756@whuxl.UUCP> <29200244@uiucdcs> <362@whuts.UUCP> <448@cylixd.UUCP>
Reply-To: charli@cylixd.UUCP (Charli Phillips)
Organization: RCA Cylix Communications , Memphis, TN
Lines: 22
Summary: 

>>. . . .  the rampant fiscal irresponsibility
>>of the Reagan administration . . . . [Sevener]
>
>But isn't the legislative power, and therefore the fiscal responsibility,
>invested in Congress? The president, I believe, has no legislative power,
>except to veto bills originated by Congress. If my assumption is true,
>then to blame Reagan, Carter, or ANY president for economic conditions 
>is misplacing the blame. (If my assumption is false, please refute it.)
>[Dave Kirby]

Indeed, the "power of the purse" is vested in the House of
Representatives.  (Please read the Constitution before arguing this
point.)  Only the House may originate money bills.  Such bills, of
course, must also be approved by the Senate and signed by the
President, but they *must* *start* in the House.  If the House doesn't
vote to spend the money, the Senate and the President can't spend a 
penny.

If you want to curb the "rampant fiscal irresponsibility" of your
elected representatives, demand the line-item veto!

		charli