Over at the blog Hot Air, Matt Berman and Sarah Mims report on
the budget "deal":
Here's
something different: Congress has actually come to a bipartisan budget
agreement. The budget team's leaders, Sen. Patty Murray, D-Wash., and Rep. Paul
Ryan, R-Wisc., announced the deal Tuesday night.
Here are
the big numbers you need to know, from a Senate Democratic aide:
·
It's a $1.012 trillion budget for fiscal year 2014.
·
$85 billion in total savings over ten years.
·
$63 billion in sequester relief over two years, split evenly
between defense and non-defense budgets.
·
$23 billion in net deficit reduction over ten years.
·
Does not include unemployment insurance extension. Includes
federal employee pension pay-ins.
The reporters
describe this “bipartisan budget agreement” as something different. How about: “no
good can come from this?” Patty Murray is a spendaholic liberal, and Paul Ryan
is the same Paul Ryan who blew off Tea Party Patriots with his support of
immigration “reform” (see CTPP blog here)
and then diluted his commitment to defund Obamacare.
And those
bullet points: who takes seriously any “savings” over a ten year period? Future
congresses can ignore any reductions or freezes at pleasure; they are not bound
by past actions.
Heritage
Action has more buckets of cold water here:
“Heritage Action cannot support a
budget deal that would increase spending in the near-term for promises of
woefully inadequate long-term reductions.’’ said the group.
The opposition from Heritage Action
could put new pressure on congressional Republicans to oppose the deal if,
after the details are released, the group decides to “score’’ the vote in its
annual analyses of lawmakers’ voting record on conservative issues.
The likely opposition of many
conservatives to the emerging deal means that House Democrats will have to vote
for the deal in significant numbers — and many liberals are also unhappy with
the emerging deal because it is expected to include cuts in pensions programs
for federal employees.
. . .
However other Republicans including Mr.
Ryan argues that mandatory program cuts over time are a more durable
contribution to fiscal austerity than immediate, one-time cuts. And others,
including Ms. Murray and many economists, argue that it makes more sense in a
still-fragile recovery to postpone spending cuts into the future when the
economy is stronger and better able to absorb cuts.
(WaPo report is here.) Exit question: How does more
government spending strengthen the economy?