Author Topic: 3 things you need toknow about the congressional budget deal  (Read 219 times)

0 Members and 1 Guest are viewing this topic.

Offline rangerrebew

  • America defending Veteran
  • TBR Contributor
  • Hero Member
  • *****
  • Posts: 48,582
  • “It’s easier to fool people than to convince them
3 things you need toknow about the congressional budget deal
« on: December 11, 2013, 08:45:01 AM »

3 Things You Need to Know About the Congressional Budget Deal


Many had high hopes that the first budget conference in four years would make a substantial down payment toward fixing the U.S. spending and debt crisis. The new “Bipartisan Budget Act” thoroughly disappoints. While we dig through the details for a more complete assessment, here are three key facts on the sour deal:

1. It busts through supposed spending “caps.” The way Congress operates, it’s ridiculous for Members to set spending caps. They just keep busting right through them. The deal announced yesterday raises discretionary spending above the bipartisan spending agreement forged in 2011 as part of the Budget Control Act. Spending for defense and non-defense domestic programs would be raised by $45 billion in 2014 and by $18 billion in 2015.

Once again, Congress has fallen into its old and destructive habit of trading more spending in one area for more spending in another. This is a bad “compromise” that keeps increasing spending, when just a little more effort to eliminate bad government programs and reduce wasteful spending could have saved taxpayers money instead.

2. It taxes and spends. The agreement says that the increased spending is fully offset elsewhere in the budget, using a mix of spending cuts and non-tax revenue. Make no mistake, raising revenue to spend more is simply taxing and spending. If anything, automatic spending cuts could be exchanged for targeted spending cuts. Trading spending cuts for more revenue, however, grows the burden of government. After all, Washington suffers from a spending problem, not a revenue one.

3. It spends now and delays savings till later. The budget deal would spend $63 billion over the next two years—but take 10 years to make up for this splurge. This is a common Washington gimmick. To the conferees’ credit, the deal suggests one-third in additional deficit reduction—the details of which remain to be evaluated.

The budget conferees failed to make substantive reforms to the real drivers of spending and debt: the entitlement programs. Representative Paul Ryan (R-WI) and Senator Patty Murray (D-WA) forged a deal that would increase spending immediately, while delaying deficit reduction till later and trading spending cuts for more revenue. Far from simply being another missed opportunity, this deal keeps the nation on its fiscal collision course.

Read the Morning Bell and more en español every day at Heritage Libertad.

Quick Hits:
•Today at 11 a.m., tune in for Conversations with Conservatives and hear what Members of Congress think about the new budget deal.
•This liberal and this conservative think the budget plan is a raw deal for Americans.
•What could possibly be worse than Obamacare? When it comes to disastrous implementation, this program ranks pretty high.
•Guess which country is passing Saudi Arabia in oil production?
•What does “social justice” really mean when it comes to good public policy?
•How low can he go? New poll indicates rising disapproval for the President on health care.
•Does it matter that President Obama shook hands with Cuban dictator Raul Castro?


The Heritage Foundation | 214 Massachusetts Avenue, NE | Washington, D.C. 20002 | (800) 546-2843

Add to your address book to ensure that you receive emails from us.

America will never be destroyed from the outside. If we falter and lose our freedoms, it will be because we destroyed ourselves. Abraham Lincoln

Online Bigun

  • Hero Member
  • ****
  • Posts: 16,667
  • The income tax: Root of all evil!
    • The FairTax Plan
Re: 3 things you need toknow about the congressional budget deal
« Reply #1 on: December 11, 2013, 09:12:52 AM »
Not a bit surprised by this! The inside the beltway game MUST be perpetuated at all cost!
“It is difficult to free fools from the chains they revere.” —Voltaire

Offline evadR²

  • Hero Member
  • ****
  • Posts: 3,197
Re: 3 things you need toknow about the congressional budget deal
« Reply #2 on: December 11, 2013, 09:17:53 AM »
3 Things you need to know about the "deal":
(1) It's a farce
(2) We were ratted out....again
(3) Republicans caved......again
November 6, 2012, a day in infamy...the death of a republic as we know it.

Share me

Digg  Facebook  SlashDot  Delicious  Technorati  Twitter  Google  Yahoo