Budget Deal Is a Betrayal of Limited Government Conservatism
Last week, Congress passed a continuing resolution that will keep the federal government funded through March 23.
This is the fifth continuing resolution of the fiscal year—a sixth may be needed before March 23, since both parties have agreed to begin debate on an immigration bill this week.
But as bad as the decision to continue funding the government through unamended short-term autopilot bills is, the two-year budget cap deal that passed along with the continuing resolution is even worse.
With the continuing resolution, Congress agreed to fund specific government programs at specific levels only through March 23. The larger budget deal set overall spending levels for two years. The breakdown of spending on specific programs after March 23 will be decided in future funding decisions.
But no matter how Congress divvies up the budget in the months ahead, the budget deal guaranteed that the end result will blow the top off the nation’s already rising debt.
According to the Committee for a Responsible Federal Budget, the spending increases in the budget deal will drive next year’s budget deficit to almost $1.2 trillion, a level not seen since the beginning of President Barack Obama’s failed stimulus program.
This is a complete betrayal of everything limited-government conservatives fought for during Obama’s presidency.
It also is a betrayal of the limited-government vision the Trump administration outlined in its fiscal year 2018 budget. That document called for a $1.4 trillion reduction in discretionary spending over the next 10 years. By contrast, this bill sets up a path to dramatically increase discretionary spending.
But that’s not all. The bill also threw in more than $17 billion in tax loopholes to special interests, including tax rebates for rum producers in Puerto Rico, accelerated depreciation for racehorse investors, special expensing provisions for Hollywood producers, and tax subsidies for electric vehicles.
It even suspended the federal government’s $20.5 trillion debt limit through March 1, 2019. Suspending the debt limit functionally raises the borrowing authority of the federal government by over $1 trillion—and it does so without any effort to reduce or reform federal spending.
If you hoped that this budget deal would create the possibility for welfare or spending reform, I have bad news for you. By setting spending levels for the next two years, the deal has made passage of a budget resolution this year extremely unlikely.
Without a budget resolution, there can be no reconciliation process. And without a reconciliation process, any serious effort to reform welfare or spending is dead.
It is unclear what the Senate will do legislatively between now and the November elections. What should be clear to limited-government conservatives is that they have been completely abandoned by the Republican Congress.
COMMENTARY BY
Sen. Mike Lee
Mike Lee is a Republican senator from Utah. Twitter: @SenMikeLee.
A Note for our Readers:
Trust in the mainstream media is at a historic low—and rightfully so given the behavior of many journalists in Washington, D.C.
Ever since Donald Trump was elected president, it is painfully clear that the mainstream media covers liberals glowingly and conservatives critically.
Now journalists spread false, negative rumors about President Trump before any evidence is even produced.
Americans need an alternative to the mainstream media. That’s why The Daily Signal exists.
The Daily Signal’s mission is to give Americans the real, unvarnished truth about what is happening in Washington and what must be done to save our country.
Our dedicated team of more than 100 journalists and policy experts rely on the financial support of patriots like you.
Your donation helps us fight for access to our nation’s leaders and report the facts.
You deserve the truth about what’s going on in Washington.
Please make a gift to support The Daily Signal.
EDITORS NOTE: The featured image is by MarianVejcik/Getty Images.
Leave a Reply
Want to join the discussion?Feel free to contribute!