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De Omnibus Dubitandum - Lux Veritas

Sunday, February 11, 2018

Analysis: Let's Face It, Neither of These Awful Parties is Actually Serious About Fiscal Responsibility

Guy Benson | Posted: Feb 09, 2018

In our Thursday post, we assessed the bipartisan budget deal as "not good."  Yes, Pentagon leaders -- including people I trust and admire -- have urged busting the sequester's defense spending caps, on national security and military readiness grounds.  And not every piece of the approved domestic spending increases are wasteful or indefensible.

The biggest problem with the compromise is that abandons all pretense of fiscal restraint, and virtually guarantees more harmful and irresponsible can-kicking.  The GOP-led Congress has agreed to a two-year plan that will add $1.5 trillion to deficits over a decade, establishing a higher baseline from which "cuts" will be opposed, and on which additional spending will be built.

And Republicans have done so while surrendering a powerful mechanism (reconciliation) that allows them to pass budget policies without requiring the help of tax-and-spend Democrats (as they did on tax reform).  The result:........To Read More....

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