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House and Senate negotiators
reach two-year budget deal

Washington Times, by Jacqueline Klimas

Original Article

Posted By:Dreadnought, 12/10/2013 10:11:38 PM

House and Senate negotiators announced Tuesday evening a $1.012 trillion two-year budget deal to replace some of the automatic spending sequester budget cuts and avert another government shutdown in January. Rep. Paul Ryan, Wisconsin Republican, said the two-year plan is a win for Republicans since it reduces the deficit by $23 billion without raising taxes or sacrificing core conservative values. “As a conservative, I think this is a step in the right direction. What am I getting out of this? I’m getting more deficit reduction. So the deficit will go down more by passing this than if we did nothing,”

      


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Reply 1 - Posted by: horacer, 12/10/2013 10:34:59 PM     (No. 9648924)

Not a good deal, not a horrible one either. It´s probably the best Republicans could hope for. It has to get past Harry Reid and Obama. They didn´t cave on extending unemployment benefits. That´s one good thing. A large number of long term unemployed will drop out of the labor pool or take low wage jobs causing the unemployment rate to take a good drop. That could result in the Fed shifting away from QE.

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Reply 2 - Posted by: artman1746, 12/10/2013 10:36:18 PM     (No. 9648928)

So what would you do if you were a liberal Democrat leader in the House or Senate? Since the Republicans have already surrendered on any govt shutdown what leverage do they have? Zero. Nada. So the Dems will dictate the budget and the Repubicans will eat their sh/t sandwich and act like they like it.

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Reply 3 - Posted by: BcdErick, 12/10/2013 11:14:40 PM     (No. 9648957)

I´ll say upfront I have no idea what is in the agreement. But I do know what´s inside Paul Ryan; jello. I´d be astonished if he hasn´t surrendered, just as he always has in the past, all in the name of "getting something done."

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Reply 4 - Posted by: stablemoney, 12/10/2013 11:24:13 PM     (No. 9648962)

Paul Ryan is naive, if he thinks a budget will constrain Democrats, or Obama. They will print the money, spend it now, and tax later, use emergency or off budget resolutions. Ryan has made a deal with the devil, and none to be celebrated.

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Reply 5 - Posted by: absalom, 12/11/2013 12:49:25 AM     (No. 9648993)

Bot Scout Ryan ain´t a Conservative and never was!!! This agreement is more of the same.

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Reply 6 - Posted by: beancounter, 12/11/2013 1:40:56 AM     (No. 9649006)

If it´s a two year deal then tell us how much it cuts the deficit in two years. I suspect the answer is that it increases the deficit in the short term since spending goes up and taxes don´t.

These ten year projections are pure baloney.

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Reply 7 - Posted by: mws50, 12/11/2013 6:06:33 AM     (No. 9649066)

What is their base line percentage? 4%? 5%? 8%? Shaving that base line by .008% and declaring a $28 billion savings is a scam.


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Reply 8 - Posted by: Observer177, 12/11/2013 9:34:15 AM     (No. 9649349)

Given our massive $17 trillion dollar debt, budgets over $1 trillion per year, our huge deficits and out of control mandatory entitlement spending, automatically ratcheting up spending each year in perpetuity, the touted savings of $25 billion or so over a ten year period is tiny, miniscule, less than one thousandth of one percent of the gigantic spending figures we are dealing with, and totally useless except for giving the negotiators the ability to tout "savings."

Cut the budget back to, say, 1990 levels, axe whole departments--the EPA, HHS, ATF,the Department of Education,TSA and Homeland Security would be good initial candidates, ban deficit spending, get people off welfare and force them to either work or train hard to get a job, adopt a very vigorous industrial policy to get the economy going again, cut business taxes, drastically reduce regulations and paperwork, rip out Obamacare root and branch, return most of the power and associated tax revenue to the States and reduce the Federal bureaucracy accordingly and, then, you might have a good start at setting things right.

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Reply 9 - Posted by: mickturn, 12/11/2013 10:19:38 AM     (No. 9649477)

Whatever the deal America will get screwed, count on it!

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Reply 10 - Posted by: oh-heck, 12/11/2013 11:28:01 AM     (No. 9649631)

The sequester is in place, so the only reason the Dems are negotiating is to break it. The only part of the deal they have any intention of keeping is to reduce military pensions. All other federal employees will get an exemption.

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Reply 11 - Posted by: Observer177, 12/11/2013 3:14:47 PM     (No. 9649916)

From some of the comments on the Net this deal is supposedly a piece of political jujitsu.

The rationale is that, while the savings are so miniscule as to be almost invisible, this "deal" gets a government shutdown--sure to be a loser for Republicans--off the table for the next two years, and allows them to concentrate on the imperative issue of winning back the Senate.

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