The day after, even with the rose-colored glasses on, it still doesn’t it look any better.
Late last night, the GOP-held House of Representatives negotiated a deal with Harry Reid and President Obama to shave $39.5 billion from the federal budget.
â€œWe have agreed to an historic amount of cuts for the remainder of this fiscal year, as well as a short-term bridge that will give us time to avoid a shutdown while we get that agreement through both houses and to the President,â€ said Boehner and Senate Majority Leader Harry Reid in a joint statement.
Really? A historic amount of cuts from historic spending is really nothing to be proud of. Â Here we have a Commander in Chief willing to sacrifice American troops’ payâ€”arguably the only people the government should be concerned about payingâ€”to ensure abortions would be funded while America’s treasury burns through $10 billion per day.
Unfortunately, very soon, it may all be too little too late. Moreover
While Rome burns, sycophants like Harry Reid tweets this out:
GOP wants to shut down our nationâ€™s government because they want to make it harder for women to get the health services they need.
Now, while John Boehner, Harry Reid and Barack Obama all pat themselves on the back for the “tough” negotiations, the U.S. burned through $54 billion in the eight days before the deal to cut $39 billion was reached. Mark Levin sees the whole budget deal as a historic scam, and he is likely right.
There cannot be robust direct investment in the United States without confidence in the nationâ€™s ability to reverse its budgetary death spiral, especially the inexorable accumulation of national debt and unfunded liabilities of Medicare and Social Security. The need to break the back of that spiral is as dire now as was the need for Paul Volcker to break the back of inflation in the 1980s. Those who are leading the charge to restore fiscal sanity, be they Republican or Democrat, will no doubt recall the personal vitriol hurled at the then-Fed chairman; they should steel themselves against it. They should remember that, as a result of his steadfast determination to press on with exorcising inflation, Mr. Volcker is today among the most respected living Americans and widely considered an exemplar for public servants worldwide.
In Washington, there are many that understand the dire straits the nation, but too few who are willing to swim against a torrent of Democrats and their masters’ demagoguery.
A few, like Paul Ryan, are trying. But, again, it may be too little too late.
The facts are these: Washington has not been telling you the truth about the magnitude of the problems we are facing.
Unless we act soon, government spending on health and retirement programs will crowd out spending on everything else, including national security. It will literally take every cent of every federal tax dollar just to pay for these programs.
The non-partisan experts have been clear about what this means:
Each day that Congress fails to act, the government takes one step closer to breaking its promises to current retirees.
Each year that policymakers kick this can down the road means trillions of dollars in empty promises are being made to future generations.
If we stay on the current path, we are heading toward a debt-fueled economic crisis â€“- meaning massive tax increases, sudden cuts to vital programs, runaway inflation, or all three.
While issues like funding NPR, Planned Parenthood or any other program are as important now as they will be in the long run, America is facing an existential threat to its very survival now.
Politicians using scalpels to trim a budget when broadswords are what are really needed does nothing but prolong the inevitable for a few more days.
â€œI bring reason to your ears, and, in language as plain as ABC, hold up truth to your eyes.â€ Thomas Paine, December 23, 1776