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Donald Trump reaches budget deal with the Democrats to increase spending and raise the debt ceiling

July 23, 2019

 Apparently spending, the deficit, and the debt ceiling are issues that most Republicans no longer care about because it appears as if a budget deal has been reached which raises all three. According to this story this deal ends the sequester cuts, raises spending by $320 billion, and increases the deficit. The increased spending will allegedly be “offset” with $75 billion in cuts somewhere at some time.

  Here is more:

“I am pleased to announce that a deal has been struck with Senate Majority Leader Mitch McConnell, Senate Minority Leader Chuck Schumer, Speaker of the House Nancy Pelosi, and House Minority Leader Kevin McCarthy – on a two-year Budget and Debt Ceiling,” Trump wrote on Twitter.

Here is even more:

White House and congressional negotiators reached accord on a two-year budget on Monday that would raise spending by $320 billion over existing caps and allow the government to keep borrowing, most likely averting a fiscal crisis but splashing still more red ink on an already surging deficit.

If passed by Congress and signed by President Trump, the deal would stop a potential debt default this fall and avoid automatic spending cuts next year. The agreement would also bring clarity about government spending over the rest of Mr. Trump’s term, though Congress must still fill in the details, program by program.

  The President called this a compromise deal which I suppose means there will be an increase in military spending, although I have read nothing about wall funding other than this:

The deal also means Democrats will not try to block Trump from transferring federal funding to help build the wall on the Southern border

  I have only seen that in the Breitbart article so I do not know where it comes from but even if it is true does anybody think the Democrats are going to honor this, especially when there are already lawsuits making their way through the system?

  Not everybody is happy with this deal:

“It’s pretty clear that both houses of Congress and both parties have become big spenders, and Congress is no longer concerned about the extent of the budget deficits or the debt they add,” said David M. McIntosh, the president of the Club for Growth, a conservative group that advocates free enterprise.

And this is what Ted Cruz had to say:

“The budget deal reached by administration negotiators and congressional leadership is yet another missed opportunity to rein in excessive government spending. This deal irresponsibly jacks up spending by $320 billion without real offsets, and suspends the debt limit into 2021. Instead of finally dealing with our nearly $1 trillion deficit and $22 trillion debt, this deal just kicks the can down the road again. Three years ago, the American people voted to move away from the big-government spending of the Obama era. We should work to restore fiscal sanity, rather than perpetuating Democrats’ big government programs. I urge administration negotiators to go back to the bargaining table and fight for the president’s priorities.”

  I could not agree with Ted Cruz any more: whatever happened to the promise to reign in Federal Government spending and the Republican promise to bring fiscal responsibility back to Washington? The truth is neither party is fiscally responsible, they both just want to be the party in control of the spending. At least the Republicans are not trying to hide it anymore.

  The only upside to this deal that I see is that for the first time in something like 10 years we actually have a real budget deal and will no longer be running the government through continuing resolutions every couple of months.

malo periculosam libertatem quam quietum servitium

3 Comments leave one →
  1. MaddMedic permalink
    July 23, 2019 8:04 pm

    Damn….We The People…..With ATM branded on our heads…

    Liked by 1 person

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