• Tag Archives deficit
  • Paul Ryan Starts Off on Wrong Foot With Budget Deal

    The new budget deal arranged by John Boehner and Democrats— approving $50 billion of additional spending in 2016 and $30 billion in 2017—will be split between domestic discretionary programs and defense. Cuts will supposedly take effect in 2025, by which time this deal is likely to be buried under a dozen budget debates and a trillion dollars of bad memories for fiscal conservatives.

    We’re told the reason for GOP capitulation is that Boehner, acting selflessly, is about to “clean out the barn” for a Paul Ryan speakership. Implicit in this argument is the idea that this kind of budget agreement would normally be a no-brainer but the crazies must be appeased. Passing it now and avoiding the heat will allow Ryan to move forward with his own agenda.

    If only it were that simple.

    For one thing, the GOP will have to live with the precedent set by the terrible deal in future negotiations. Barack Obama, as The New York Times points out, is now going to be able to “break free of the spending shackles” of the imaginary reign of austerity that was brought on by the Budget Control Act of 2011. So are all Democrats.

    For another thing, conservatives will almost surely see this as a betrayal. The administration came up with the idea of sequestration, and it turned out to be the only tangible victory Republicans could claim on spending.

    You may remember the 2010 Pledge to America, in which congressional Republicans promised to roll back government spending to pre-stimulus/bailout levels, cutting at least $100 billion in the first year after taking power. They failed to achieve that improbable goal. And almost every year since, government spending has gone up, though the GOP keeps adding seats by promising to achieve the opposite.

    Expecting the GOP to return Washington to 2008 spending levels—now, with a Democratic president in power, or probably ever—is unrealistic. Expecting Republicans at the very least not to piddle away the only leverage they have to keep the status quo is surely reasonable.

    If the GOP is unable to extract concessions that mitigate future spending and debt, then the debt ceiling has no real political purpose for Republicans. In fact, if Republicans can’t even hold the line on what they’ve gained—and at this point, Boehner is actually giving back items Republicans won in previous years—then the debt limit isn’t just useless; it’s counterproductive.

    Source: Paul Ryan Starts Off on Wrong Foot With Budget Deal – Reason.com


  • Rand Paul Says He’ll Filibuster Debt Ceiling Bill

    Republican presidential candidate and Kentucky senator Rand Paul says he’ll filibuster a bill to raise the debt ceiling, he told reporters on Tuesday.

    “I will filibuster the new debt ceiling bill,” Paul said before a campaign appearance at the University of Colorado. “I think it’s a horrible — it’s hard for me to not use profanity in describing it.”

    “It’s a bill that shows a careless disregard for debt,” he said. “It will raise the debt with no limit.”

    Congressional leadership reached a budget deal with the White House this week that would raise the federal debt limit, avoiding a potential shutdown. The deal, which would raise discretionary spending limits by $80 billion, has been been opposed by some Capitol Hill conservatives, though it is expected to pass. The House may vote on the bill on Wednesday, and a vote has not yet been scheduled in the Senate.

    “I will do everything I can to stop it, I will filibuster it, I will not let them condense the time,” Paul said. “I will make sure that the country is aware that really both sides appear to have given up, right and left.”

    “The right wants more money for the military and the left wants more money for welfare,” Paul said. “Guns and butter, that’s what we’re going to have, guns and butter, but as a consequence they’re destroying the country by adding more debt.”

    “The debt ceiling is a canard put forward by those who want to spend money,” he said.

    Paul has conducted high-profile filibusters in the Senate before; in 2013, he stood for 13 hours on the Senate floor opposing drone strikes against American citizens, and for 11 hours against the Patriot Act in 2015.

    Source: Rand Paul Says He’ll Filibuster Debt Ceiling Bill – BuzzFeed News


  • Massive Debt, Budget Deal Introduced In Dead of Night, Vote Violates Another Boehner Pledge

    The text is 144 pages long and increases the debt ceiling beyond when President Barack Obama leaves office, all the way until March 2017. It also, according to Politico, increases spending by $50 billion this year and $30 billion more the following year.

    As AP reports, House Speaker Rep. John Boehner (R-OH) is pushing for a Wednesday vote, this would be yet another instance in which he has broken his promise to give members and the public three full days—72 hours—to read legislation before voting on it.

    “We will ensure that bills are debated and discussed in the public square by publishing the text online for at least three days before coming up for a vote in the House of Representatives,” Boehner’s “Pledge to America” reads. “No more hiding legislative language from the minority party, opponents, and the public. Legislation should be understood by all interested parties before it is voted on.”

    In a speech to the Conservative Political Action Conference (CPAC) in February 2010, Boehner also promised that three full days meant “at least 72 hours.”

    By scheduling a vote on Wednesday—any time before 11:36 p.m. on Thursday, actually—Boehner would be violating that pledge.

    Boehner is also putting the chances of his likely successor, House Ways and Means Committee chairman Rep. Paul Ryan (R-WI), at risk. Ryan has indicated he thinks the “process stinks” on this, but is planning to review the deal in its entirety before making a decision one way or the other.

    Ryan’s office has refused to answer a series of basic questions from Breitbart News on whether he believes all Republicans in the House should support or oppose the deal, what took him so long to comment on the deal at all (he still hasn’t weighed in on the substance just the process), whether he would support Rep. Kevin McCarthy (R-CA) remaining on as Majority Leader if he becomes Speaker after McCarthy contradicted him on the process of the deal, and whether Ryan would allow staffers who were involved in this process who currently work for Boehner to remain working for the Speaker’s office if and when this takes over. Ryan spokesman Brendan Buck, over the course of several emails on Tuesday, openly refused to answer each of those questions. Buck used to work for Boehner.

    Source: Massive Debt, Budget Deal Introduced In Dead of Night, Vote Violates Another Boehner Pledge – Breitbart