Posted on 10/28/2015 3:34:30 AM PDT by expat_panama
No wonder Nancy Pelosi and the White House are bursting with glee. The budget deal is the biggest spending blitz in years.
Let's start with an amazing and depressing statistic. Federal spending in 2016 was already expected to climb by more than $250 billion — or close to $1 billion extra spending each day. This was to be a 6% rise in outlays in a year when inflation is running at slightly less than 2%.
But the budget deal adds to the orgy of spending. The plan raises spending by at least $100 billion over two years and busts through the spending caps for two years.
And it raises the debt ceiling by about $1 trillion for the next year and a half so that Washington doesn't have to deal with it anymore.
What a calamity.
The only victory Republicans have had in six years under Obama is the spending caps, and now they want to punt those away?
Obama dangled the bait of cuts in the long-term income-transfer programs like Medicare and Social Security.
Sure. These are the same Democrats who show TV ads of Republicans shoving grandma over the cliff with her wheelchair. Are Republicans really dumb enough to fall for that Lucy-and-the-football trick again?
Families Need A Raise
If the spending caps are blown open, federal spending may rise by more than $300 billion in 2016 and $500 billion over two years. In 2016 alone spending will rise by close to 8% in 2016. (See chart.)
(Excerpt) Read more at news.investors.com ...
Boehner isn’t crying over this.
Ain’t that the truth.
The gop is the opponent team who plays the Harlem Globetrotters.
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