{"id":26812,"date":"2015-10-28T12:19:33","date_gmt":"2015-10-28T16:19:33","guid":{"rendered":"http:\/\/www.rightwinggranny.com\/?p=26812"},"modified":"2015-10-28T12:19:34","modified_gmt":"2015-10-28T16:19:34","slug":"the-problems-with-the-budget-deal","status":"publish","type":"post","link":"https:\/\/www.rightwinggranny.com\/?p=26812","title":{"rendered":"The Problems With The Budget Deal"},"content":{"rendered":"

Yesterday John Hinderaker<\/a> at Power Line<\/a> posted an article about the budget deal recently reached by Congress. He strongly suggests that Republicans do not approve the deal.<\/p>\n

The chart below from the Heritage Foundation<\/a> is included in the article:<\/p>\n

\"image001\"<\/p>\n

As you can see, there are no immediate spending cuts and no significant cuts until 2025. We all know what happens to budget cuts in the distant future–somehow they never materialize. There is also the matter of this Congress trying to bind a future Congress to a budget it had nothing to do with.<\/p>\n

In an article posted yesterday, The New York Times<\/a> described the deal as follows:<\/p>\n

The deal is the policy equivalent of keeping the lights on \u2014 hardly the stuff of a bold fiscal legacy. But it achieves the main objective of his 2016 budget: to break free of the spending shackles he agreed to when he signed the Budget Control Act of 2011, <\/a> an outcome, the president allowed Tuesday, that he could be \u201cpretty happy\u201d about.<\/strong><\/p>\n

I don’t want to see the government shut down, but this is not a compromise–iti’s a cave. This budget deal is an example of why John Boehner<\/a> is being replaced as Speaker of the House.<\/p>\n

An article at Daniel Mitchell’s website<\/a> states:<\/p>\n

Moody\u2019s Investors Service<\/a> announced Monday that, despite dire warnings from the Treasury Department, the government would find a way to pay money owed on its debt, regardless of whether lawmakers agree to raise the $18.1 trillion borrowing cap. \u2026\u201dEven if the debt limit is not raised, \u2026the government will order its payment priorities to allow the Treasury to continue servicing its debt obligations,\u201d says Moody\u2019s Senior Vice President Steven Hess.<\/strong><\/p>\n

Raising the debt limit is not really required despite what the big spenders are telling you.<\/p>\n

I think Senator Jeff Sessions<\/a> said it best:<\/p>\n

\u201cOnce again, a massive deal, crafted in secret, unveiled at the 11th hour, is being rushed through Congress under threat of panic.\u00a0 Once again, we have waited until an artificial deadline to force through that which our voters oppose.<\/strong><\/p>\n

At its core, this deal with President Obama does two things: First, it lifts federal spending caps for the next two years \u2013 including a $40 billion increase in spending on the federal bureaucracy.\u00a0 Second, it waives the federal debt limit through March of 2017, allowing for approximately $1.5 trillion to be added to the debt \u2013 ensuring no further conversation about our debt course or any corresponding action to alter it.<\/strong><\/p>\n

It appears this deal is built on the same principles as the Ryan-Murray budget deal from 2013.\u00a0 It exchanges instant increases in federal spending for distant savings, as much two decades down the road, that are likely to never materialize.\u00a0 It funds increased spending through increased revenues \u2013 violating a core budget principle by collecting more money to expand an already too-large federal bureaucracy.\u00a0 And it trades the termination of today\u2019s spending limits for the promise of new spending limits ten years from now.<\/strong><\/p>\n

The spending caps in law today were pledged as part of the 2011 Budget Control Act<\/a> agreement to lift the debt ceiling by $2.1 trillion.\u00a0 It represented a bipartisan commitment to cap spending at a fixed amount.\u00a0 This deal shatters that commitment by spending $80 billion more than we promised over the next 2 years.<\/strong><\/p>\n

The deal also uses a common gimmick where alleged savings in an entitlement program are used to boost unrelated spending in the federal bureaucracy.\u00a0 Any savings found to entitlement programs faced with insolvency must be used to shore up those programs \u2013 not to surge spending somewhere else.\u00a0 Yet this deal claims illusory savings from Disability Insurance<\/a> and increased pension insurance fees in order to boost bureaucratic budgets.\u00a0 Perhaps even worse, the deal attempts to stave off the shortfall in fraud-ridden Social Security Disability by plundering from the Social Security Trust Fund<\/a> for retirees.\u00a0 One hundred and fifty billion dollars in funds will be siphoned from Americans<\/a>\u2019 payroll retirement contributions and redirected to the mismanaged disability program….<\/strong><\/p>\n

Republicans in Congress need to vote against this budget deal.<\/p>\n

 <\/p>\n

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Yesterday John Hinderaker at Power Line posted an article about the budget deal recently reached by Congress. He strongly suggests that Republicans do not approve the deal. The chart below from the Heritage Foundation is included in the article: As … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[298,8852,9498,8827,8558],"class_list":["post-26812","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-john-boehner","tag-senator-jeff-sessions","tag-the-bipartisan-budget-act-of-2015","tag-the-heritage-foundation","tag-the-new-york-times"],"_links":{"self":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/26812","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=26812"}],"version-history":[{"count":2,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/26812\/revisions"}],"predecessor-version":[{"id":26815,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/26812\/revisions\/26815"}],"wp:attachment":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=26812"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=26812"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=26812"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}