“We need a government with less debt and an economy with more good paying jobs, and this budget fails to accomplish both goals, making it harder for more Americans to achieve the American Dream. Instead, this budget continues Washington’s irresponsible budgeting decisions by spending more money than the government takes in and placing additional financial burdens on everyday Americans.
“In the short run, this budget also cancels earlier spending reductions, instead of making some tough decisions about how to tackle our long-term fiscal challenges caused by runaway Washington spending. I voted against sequestration because of its effect on key programs, including the defense budget, but higher spending and more revenue are not the appropriate ways to address that problem.
“The American people should not be asked to choose between a strong military and responsible budgets that encourage job creation and reduce debt. They deserve better than this.”
According to the Heritage Foundation’s Romina Boccia:
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.
Eric Erickson from RedState.com writes:
I am old enough to remember when the GOP said not to worry about it caving on Obamacare funding because, by God, it would hold the line on sequestration.
Hell, that was a month ago.
Amazing how much can change in a month. Congressman Paul Ryan and Senator Patty Murray have decided to give up the last thing the GOP was fighting for — spending restraint. “Don’t worry,” Paul Ryan says with his boyish charm designed to induce sweats and heart palpitations among conservatives, “it’s only a little less restrained.”
The budget deal puts discretionary spending over $1 trillion, which is higher than the sequestration deal of 2011, which was at $967. This is, in fact, a spending increase.
It funds Obamacare.
It does not impact the national debt. It does not reform entitlements.
And it raises taxes, but with the more acceptable euphemism of “user fees”, i.e. it only raises taxes on people who go through airport TSA checkpoints.
It appears it is business as usual in Washington, D.C. Tax, spend, go deeper in debt and go home for the holidays.