image credit: foxbusiness.com
About the 2-year budget compromise now signed by President
Trump
From Guy Benson’s “Analysis: Let's Face It, Neither of These
Awful Parties is Actually Serious About Fiscal Responsibility” at Townhall:
The
biggest problem with the compromise is that abandons all pretense of fiscal
restraint, and virtually guarantees more harmful and irresponsible can-kicking.
The GOP-led Congress has agreed to a two-year plan that will add $1.5
trillion to deficits over a decade, establishing a higher baseline from which
"cuts" will be opposed, and on which additional spending will be
built. And Republicans have done so while surrendering a powerful
mechanism (reconciliation) that allows them to pass budget policies without
requiring the help of tax-and-spend Democrats (as they did on tax reform).
Benson’s full article is here. Charles Hurt at Breitbart
didn’t think much of it either:
Any time you
hear Washington talk about bipartisan agreement, America, grab your
wallet and run!
Once again, lawmakers in Washington have finally cut through all
the thorny brambles of partisanship and discovered (yet again! yippie!)
something they can all agree upon: spending scads and scads more of other
people’s money that we don’t even have!
Support for military expenditures was a key talking point
for Congress critters like Sean Duffy, who voted "yes."
Here's what bothers me: Republicans
didn't even really try. They could have attempted a full-court press
explaining the need for increased military funding, while arguing that in an
era of $4 trillion in annual federal spending (up from less than $1.8 trillion in fiscal year 2000,
just for some perspective), breaking caps on domestic spending is unnecessary.
Or they could have demanded that in exchange for some heightened domestic
spending for discrete priorities, Democrats would have to agree to some modest
and mathematically-essential entitlement reforms.
Instead, we got this [via The Washington Examiner]:
Instead, we got this [via The Washington Examiner]:
In 2017,
for the first time in the post-Tea Party era, Republicans finally gained
unified control of government. They spent months blundering on healthcare, and
ultimately reneged on their eight-year promise to repeal Obamacare. They have now agreed on a deal
with Democrats that would blow up the spending caps that were a legacy of the
Tea Party movement — to the tune of $300 billion over the next two years...The
agreement would boost military spending by $165 billion above the 2011 caps and
nonmilitary spending by $131 billion; it boosts emergency disaster relief spending
by $90 billion (remember when the Tea Party Republicans believed emergency
spending needed to be offset?); provides $6 billion in more money to fight
opioid addiction; has $20 billion in infrastructure funding; it provides more
funding for community health centers; and it repeals the Independent Payment
Advisory Board, one of Obamacare’s cost-containment initiatives, without any significant
alternative ideas to curb Medicare spending. Now, let’s get one
thing clear. It's possible to rein in long-term debt while keeping taxes
relatively low and military spending relatively high, but only if those
policies are met with a dramatic strategy to restrain entitlements and other
non-defense spending. But that’s not what Republicans are doing.
I had hoped for better. Reminder to self: the GOPe are members in good standing of the Uniparty.
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