Posted on 12/11/2013 11:21:14 AM PST by bestintxas
The budget deal announced Tuesday by Rep. Paul Ryan (R-WI) and Sen. Patty Murray (D-WA) would boost federal spending by around $65 billion over the next two years. This new spending is offset by increasing user fees, boosting pension contributions by federal employees and the military, and other minor changes. Ryan and Murray also say that the deal will reduce the deficit by $23 billion over the next 10 years. This reduction, however, doesn't start until 2022. According to a 4-page summary document of the deal obtained by Breitbart News, "[t]he budget proposal saves $28 billion over ten years by requiring the President to sequester the same percentage of mandatory budgetary resources in 2022 and 2023 as will be sequestered in 2021 under current law."
The sequester is currently scheduled to run through 2021. The Ryan-Murray deal pushes it out two years and directs a future President to enforce the same level of cuts to mandatory programs, i.e. entitlements. This move, which has no chance of actually happening, accounts for half the spending cuts in the deal. According to a source on Capitol Hill, without these cuts, the ratio of spending cuts to increased revenue in the Ryan-Murray deal is 1:1.
Congress can't bind a future Congress on spending decisions. Just a few weeks ago, federal discretionary spending next year was "mandated" to be $967 billion. The Ryan-Murray deal lifts that spending to just over $1 trillion. It is not likely that a Congress a decade from now will feel obligated to follow the terms of this deal.
(Excerpt) Read more at breitbart.com ...
Selling us out by agreeing to short-term spending increases in exchange for spending reductions 10 year from now.
Ever see Sausage being made, Paul?
If they don’t happen this/next year, they don’t happen at all.
Big fraud!!
Pissant nothing cuts. We need trillion dollar spending reductions now.
I’m so so weary of the lying.
We will be Greece by then so it won’t matter anyway.....heading to the fallout shelter!
So the Ryan budget produces taxes now, err, fees, spending now with promised reductions in 10 years?
Yeah, it`s a one party State now.
I have seen sausage being made. I have made sausage. It is a much nicer thing than politics, and the end product is tasty.
The buffoons are “kicking the can down the road again.” Make it somebody else’s problem. I don’t know who are the bigger fools. The buffoons on the hill or those of us at the bottom of the hill that they are peeing on.
HAHA BAWAHAHA
Thats the same way Ryan's medicare scam plan budget resolution worked, not cuts in benefits for 10 years, then they only apply to those who turn 65 after a magical date., all the others stay on the gravy train till they die.
Hey, in Spring 2011 when he proposed that and Rush and Levin praised it many here posted like it was the Parting of the Red Seas.
So short a memory.
Agreed. Nothing w/ that lot in DC is what it seems. They’ve isolated/insulated themselves from the electorate and reality.
Exactly. Neither this or any other Congress has the power to bind any future Congress to its proposed spending limits. Plain and simply, this agreement is a sham.
The Unions will never agree to changes in pension plans.
The Senate will strip it out and then say “Take it or leave it”.
I really thought Ryan was smarter than this.
I listened to Ryan try to explain this to Mark Levine last night on his show. This was about an hour after the deal was done. Mark didn’t buy it then and immediately called him out. Levine said something to the effect.....
So we are going to increase spending immediately so that we can save peanuts via promises in 10 years?
Ryan tried to sell the added spending on the military and that no “taxes” were added. Then he went on to explain that federal employees (military) would pay more for their own benefits now and that travelers would have some added fees for the TSA. Ryan also stated that this was the best they could do and it set a GOOD precedent. Mark Levine was trying to be polite buy saw through it immediately.
It’s another bad deal. Now we have funded Obamacare (it’s here to stay), increased spending under the executive branch control and “promises” a future budget cut in 10 years (under a new president and congress).
Good luck with that.
So, he is trading real, hard won, sequester cuts now for the promise of small reductions 10 years from now. We are doomed.
Never ever trust anyone once they get to the District of Corruption
Ryan, Cantor, Mitch, Boner, and other RINOs are disgraces and eunuchs. Time to send them home, IMO.
“I’ll gladly pay you Tuesday for a hamburger today” said Wimpy Murray.
Other than firing half the Republican Senators in 2014...and replacing them, I don’t see much for solutions.
Apples and oranges there. With medicare and social security type benefits that taxpayers have "paid into", there has to be some period of time for folks to prepare to change their plans for retirement and getting old. I don't think anyone believes we can simply stop paying on one of these over bloated entitlement programs. They need to be privatized in big chunks so that citizens can take over the management of their own money, health and well being.
Aside from all that, the numbers are chump change. This is like taking a bucket of water from the ocean and claiming we lowered the global sea level. BUT, democrats get some more "fees" and more spending while avoiding having to fight about spending on Obamacare, EPA, IRS, etc.
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