New Budget Deal Puts Final Nail in the Tea-Party Coffin

[Formerly Once-Ler]

https://www.nationalreview.com/2019/07/new-budget-deal-puts-final-nail-in-the-tea-party-coffin/

New Budget Deal Puts Final Nail in the Tea-Party Coffin
By Brian Riedl

July 22, 2019 4:16 PM

(Jonathan Ernst/Reuters)

The conventional wisdom among Washington Republicans is that populist conservative voters no longer care about spending or deficits.

President Trump and congressional leaders are nearing a deal that would raise the discretionary-spending caps by $320 billion over two years and offset less than one-quarter of those costs (and even those offsets would take a decade to materialize). The budget deal would essentially repeal the final two years of the 2011 Budget Control Act and raise the baseline for future discretionary spending by nearly $2 trillion over the decade.

This represents a fitting conclusion of the Budget Control Act — the crown jewel of the 2011 “tea-party Congress.” The decade-long shredding of these hard-fought budget constraints mirrors the shredding of Republican credibility on fiscal responsibility.

<snip>

But the election of President Trump — with the tea-party Senator Ted Cruz, among others, defeated in the process — may have finally killed the tea party as a whole. Trump, who called himself the “king of debt,” deemphasized spending restraint and even promised that Social Security, Medicare, and Medicaid, the overwhelming drivers of long-term deficits, would be off limits to reform. His surprising election marked a replacement of the GOP’s free-market conservatism, exemplified by Ryan, with a more populist, big-government conservatism. By 2017, a Pew poll showed that just 15 percent of Republicans supported paring back the escalating costs of Medicare or Social Security to bring down the deficit

more at link

[Chosen Daughter]

Trump will be long gone and our children will be trying to pay this off.

[roamer_1]

Trump will be long gone and our children will be trying to pay this off.

That's right. Except grandchildren... or great grandchildren.
Folks just can't even begin to comprehend what a trillion dollars even is.

[Smokin Joe]

That's right. Except grandchildren... or great grandchildren.
Folks just can't even begin to comprehend what a trillion dollars even is.

Sure I can....

It's $999,999,999,980.00 more than I have in my pocket right now.

If I could pull $100.00 out of my pocket every second it would only take 317 years to stack it up (not allowing for the extra day in leap years).

[roamer_1]

Sure I can....

It's $999,999,999,980.00 more than I have in my pocket right now.

If I could pull $100.00 out of my pocket every second it would only take 317 years to stack it up (not allowing for the extra day in leap years).

And that's a butt-ton of chedda. Now figger out 21T

[EdJames]

Now figged out 120T....

That's the most common number I see for the so called unfunded liabilities that fedgov has, but keeps off the books.  Thought I've seen higher...

Mind-boggling....

[catfish1957]

Now figged out 120T....

That's the most common number I see for the so called unfunded liabilities that fedgov has, but keeps off the books.  Thought I've seen higher...

Mind-boggling....

This drunken sailor spending by all in DC is utter bull shit.  Yeah, there are still a few of us fiscal conservatives who realize that at some point the blank check is going to bounce. 

Trump- Complicit
All f'n lawmakers in DC- Complict
SOB electorate who keepis voting this shit in-  Complicit

[EdJames]

This drunken sailor spending by all in DC is utter bull shit.  Yeah, there are still a few of us fiscal conservatives who realize that at some point the blank check is going to bounce. 

Trump- Complicit
All f'n lawmakers in DC- Complict
SOB electorate who keepis voting this shit in-  Complicit

I couldn't agree with you more.

All complicit, this is lazy, lawless, disgusting, cowardly.

[GrouchoTex]

By 2017, a Pew poll showed that just 15 percent of Republicans supported paring back the escalating costs of Medicare or Social Security to bring down the deficit

I wouldn't support this, either, if this was the only thing they were talking about cutting.
Cuts need to happen everywhere.

Not a good day for us budget hawks.

[LMAO]

That's right. Except grandchildren... or great grandchildren.
Folks just can't even begin to comprehend what a trillion dollars even is.

SS and Medicare are popular because the cost is being passed down to a generation that isn’t old enough to vote yet. If people had to pay for the real cost of both, no debt or printing, they would lose their luster with the voters

[Right_in_Virginia]

This drunken sailor spending by all in DC is utter bull shit.  Yeah, there are still a few of us fiscal conservatives who realize that at some point the blank check is going to bounce. 

Trump- Complicit
All f'n lawmakers in DC- Complict
SOB electorate who keepis voting this shit in-  Complicit

SOB electorate keeps voting for MORE shit .... I don't know how one even begins to change this mindset.

[libertybele]

I'd say this not only puts the final nail in the Tea-Party's coffin, but also the GOP/Trump and our Republic.

[edpc]

SOB electorate keeps voting for MORE shit .... I don't know how one even begins to change this mindset.

No, it’s quite the opposite, which is why we had red waves and shellackings, during the midterms of the previous administration. A great deal of those have either left Congress or made a Faustian bargain with the Assclown In Chief, who has no clue on fiscal policy. Some of his great ideas included defaulting and renegotiating, growing our way out of it, and just not caring, because he won’t be there, when the walls come down.

https://www.dailycaller.com/2019/06/13/donald-trump-national-debt/

https://www.forbes.com/sites/timworstall/2016/05/07/donald-trumps-glorious-threat-to-default-on-the-national-debt-is-just-the-conventional-wisdom/#7a408c9ba367

https://www.telegram.com/news/20170806/robert-samuelson-we-cant-grow-our-way-out-of-serious-conflicts

https://www.businessinsider.com/trump-debt-crisis-fine-wont-be-here-report-2018-12

[Sanguine]

SS and Medicare are popular because the cost is being passed down to a generation that isn’t old enough to vote yet. If people had to pay for the real cost of both, no debt or printing, they would lose their luster with the voters

And, because we can say "we paid for that" and we did....sorta, somewhat.  It makes it much more palatable and defensible.

[Sanguine]

No, it’s quite the opposite, which is why we had red waves and shellackings, during the midterms of the previous administration. A great deal of those have either left Congress or made a Faustian bargain with the Assclown In Chief, who has no clue on fiscal policy. Some of his great ideas included defaulting and renegotiating, growing our way out of it, and just not caring, because he won’t be there, when the walls come down.

https://www.dailycaller.com/2019/06/13/donald-trump-national-debt/

https://www.forbes.com/sites/timworstall/2016/05/07/donald-trumps-glorious-threat-to-default-on-the-national-debt-is-just-the-conventional-wisdom/#7a408c9ba367

https://www.telegram.com/news/20170806/robert-samuelson-we-cant-grow-our-way-out-of-serious-conflicts

https://www.businessinsider.com/trump-debt-crisis-fine-wont-be-here-report-2018-12

Isn't that the way the last however many presidents and congresses have handled it?  Is there anything new here?

[Free Vulcan]

Trump will be long gone and our children will be trying to pay this off.

Wrong. We will pay the harsh economic consequences of the debt within the next 10 years.

And you damn well know we were way past the red line long before Trump got to office.

[truth_seeker]

Orange man bad. Trump's uneducated racist voters are the problem.

Without them, we coulda had Jeb Bush, John Kasich or Hillary. 

[Night Hides Not]

Wrong. We will pay the harsh economic consequences of the debt within the next 10 years.

And you damn well know we were way past the red line long before Trump got to office.

A quick search on "trump budget deficit promise" displays multiple links to his statements/promises to lower the deficit, control spending, etc.

You're right, @Free Vulcan , we were way past the red line before Trump ran for President. Unfortunately, he's abdicated his responsibility on the deficit, in much the same way he's abdicated his responsibility on border security.

Based on his ACTIONS in office, I have no reason to believe anything he says. There are actions available to him as POTUS to deal with a recalcitrant Congress, but he has shown a reluctance to employ them.


ETA: As to the death of the TEA Party, that was accomplished in 2016, when GOP voters went for the populist Trump, a death that was aided and abetted by RINOs who used the principles of the TEA Party for their own aggrandizement.

[Cyber Liberty]

This will come as news at my next bi-weekly TEA Party meeting.

[edpc]

Isn't that the way the last however many presidents and congresses have handled it?  Is there anything new here?

There’s plenty new, considering it was $5T, at the beginning of the century. Doubling the debt under the last administration was a crucial issue in the last presidential election. Now, nobody cares and people like Limbaugh are trying to gaslight us into thinking we never really did.


“Nobody is a fiscal conservative anymore,” Limbaugh shot back. “All this talk about concern for the deficit and the budget has been bogus for as long as it’s been around.”

https://www.rawstory.com/2019/07/rush-limbaugh-admits-his-attacks-on-obama-were-bogus-as-he-attempts-to-defend-trump/

[Sanguine]

There’s plenty new, considering it was $5T, at the beginning of the century. Doubling the debt under the last administration was a crucial issue in the last presidential election. Now, nobody cares and people like Limbaugh are trying to gaslight us into thinking we never really did.


“Nobody is a fiscal conservative anymore,” Limbaugh shot back. “All this talk about concern for the deficit and the budget has been bogus for as long as it’s been around.”

https://www.rawstory.com/2019/07/rush-limbaugh-admits-his-attacks-on-obama-were-bogus-as-he-attempts-to-defend-trump/

Not exactly a Trump friendly site: https://www.businessinsider.com/trump-national-debt-deficit-compared-to-obama-bush-clinton-2019-2

He's not a fiscal conservative, but he's also not 0bama.

[Bigun]

This drunken sailor spending by all in DC is utter bull shit.  Yeah, there are still a few of us fiscal conservatives who realize that at some point the blank check is going to bounce. 

Trump- Complicit
All f'n lawmakers in DC- Complict
SOB electorate who keepis voting this shit in-  Complicit

Brought to you by the Marxist Income tax and the Federal reserve banks. Which BTW, are not federal!

And the line under that is that it will NEVER change for so long as we continue to abide the above mentioned things.

"There are thousands hacking at the branches of evil to one who is striking at the root." - Henry David  Thoreau

[Sanguine]

Sen. Cruz Issues Statement Opposing Budget Deal
July 23, 2019
  | 
202-228-7561

WASHINGTON, D.C. - U.S. Sen. Ted Cruz (R-Texas) today issued the following statement regarding the budget deal reached yesterday:

"The budget deal reached by administration negotiators and congressional leadership is yet another missed opportunity to rein in excessive government spending. This deal irresponsibly jacks up spending by $320 billion without real offsets, and suspends the debt limit into 2021. Instead of finally dealing with our nearly $1 trillion deficit and $22 trillion debt, this deal just kicks the can down the road again. Three years ago, the American people voted to move away from the big-government spending of the Obama era. We should work to restore fiscal sanity, rather than perpetuating Democrats' big government programs. I urge administration negotiators to go back to the bargaining table and fight for the president's priorities."

https://www.cruz.senate.gov/?p=press_release&id=4598

[EdJames]

Sen. Cruz Issues Statement Opposing Budget Deal
July 23, 2019
  |
202-228-7561

WASHINGTON, D.C. - U.S. Sen. Ted Cruz (R-Texas) today issued the following statement regarding the budget deal reached yesterday:

"The budget deal reached by administration negotiators and congressional leadership is yet another missed opportunity to rein in excessive government spending. This deal irresponsibly jacks up spending by $320 billion without real offsets, and suspends the debt limit into 2021. Instead of finally dealing with our nearly $1 trillion deficit and $22 trillion debt, this deal just kicks the can down the road again. Three years ago, the American people voted to move away from the big-government spending of the Obama era. We should work to restore fiscal sanity, rather than perpetuating Democrats' big government programs. I urge administration negotiators to go back to the bargaining table and fight for the president's priorities."

https://www.cruz.senate.gov/?p=press_release&id=4598

I am hoping that this monstrosity gets killed off in the Senate.

In the brief time that I was traveling between appointments, I heard Limbo, with more 'pragmatism' in his voice than I could stomach, spewing about: "how there is nothing that Trump can do...  can't have bad optics during an election season...  can't let the Dems and media paint Trump as cruel....  and what's the difference of a few more hundred billion at this point..."

 

Say, I have an idea...  you could post the above as a new thread, maybe with the title: "Trump vs. Cruz, Budget Showdown!!"  I bet it would be a real smash!!

[roamer_1]

He's not a fiscal conservative, but he's also not 0bama.

Give him time... He's already knocking on Obama's door in only 4 years.