Yesterday John Hinderaker at Power Line posted an article about the debt ceiling deal which included an internal memo among Democrats.
Mr. Hinderaker posted the entire memo, but highlighted one paragraph:
"The compromise expected to pass today, in effect, "deems" a budget resolution passed for each of the next two fiscal years. This effectively sets the top-line spending levels-the so-called "302(a) allocations-for both FY 2012 and FY 2013. These top-line levels are specified as follows: $1.043 trillion for FY 2012, and $1.047 trillion for FY 2013. These figures represent a reduction of $7 billion and $3 billion, respectively, in budget authority, relative to FY 2011 levels."
It's interesting to me that we are back to 'deeming' things passed. This is Mr. Hinderaker's conclusion:
"Here is the analogy I would offer: in the past, liberals have steamrollered conservatives on pretty much all issues relating to spending; hence today's federal spending that almost everyone regards as out of control. This time, conservatives stood our ground and fought the liberals to a draw. This was not the end of the battle over the budget, but rather the beginning. We conservatives have a long way to go to bring fiscal sanity to Washington. On the other hand, we also have another election in November 2012. Like John Paul Jones, we should let the liberals know that we have not yet begun to fight."
The Tea Party did not stop the runaway train that is government spending, but they did slow it slightly and they did make many Americans aware that the spending was out of control. The debt ceiling agreement represented a reasonable first step--not a great first step, but a reasonable one. Please follow the link to the article to read the entire memo.
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