Cong. Lamar Smith Chairman of the House Judiciary Committee tells Insiders Jim Cardle exactly what might happen the week after the Nov. 6th Election as the Fiscal Cliff approaches.What were really concerned about and what has lead all of this to occur is the deficit spending that our country has been engaged in for the last three years said Smith. Frankly the president promised when he was campaigning for the presidency that he was going to cut the deficit in half and weve now seen it double every year for three years and the projection is that it will do the same again next year for a fourth year. This year its already been announced were going to be back for two weeks in November and two weeks in December ... Thats how much unfinished business there is Smith said. The Judiciary Committee which I chair has jurisdiction over the Constitution and therefore over a Balanced Budget Amendment wich we passed two times this year in the House but not by the 2/3rds of the vote necessesary for a Constitutional Amendment Smith said. And the Senate has not passed a budget for three years despite a 1974 law that requires both the House and the Senate to pass a budget. The Senate actually brought up the Presidents Budget but not a single Senator Republican or Democrat voted for the Presidents Budget so theyve passed no budget completely contrary to the law. I dont know how they get away with it said Smith.