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Showing posts with label budget deal. Show all posts
Showing posts with label budget deal. Show all posts

Wednesday, 13 April 2011

CBO Says Budget Deal Will Cut Spending by Only $352 Million



LIKE I SAID, "NOT ENOUGH!!!!!"

(National Journal) A Congressional Budget Office analysis of the fiscal 2011 spending deal that Congress will vote on Thursday concludes that it would cut spending this year by less than one-tenth of what both Republicans or Democrats have claimed.

A comparison prepared by the CBO shows that the omnibus spending bill, advertised as containing some $38.5 billion in cuts, will only reduce federal outlays by $352 million below 2010 spending rates. The nonpartisan budget agency also projects that total outlays are actually some $3.3 billion more than in 2010, if emergency spending is included in the total.

The astonishing result, according to CBO, is the result of several factors: increases in spending, especially at the Defense Department; decisions to draw over half of the savings from recissions; and cuts to reserve funds and and money for mandatory-spending programs that might never have been spent.

Tuesday, 12 April 2011

Congressional Tea Party Members WIll Vote No on 2011 Budget



The 2011 budget deal is heading to the House for the final vote and it seems that the final vote for approval is not a "shoe-in." The truest of true fiscal Conservatives and the congressional members of the Tea Party movement are adamant they will strike a "nay" vote to the legislation. Even with a 24-seat majority, Republicans will almost certainly need the help of fiscally moderate Democrats to get the 2011 plan passed. Honestly, I hope there is a shut down. It will motivate there public servant to do the right thing or they can say bye-bye to their plush job and pension. I find that fear is a get motivator.

(Washington Examiner) A vote on the 2011 budget is scheduled for Wednesday.

But many fiscal conservatives, including Reps. Mike Pence, R-Ind., and Jim Jordan, R-Ohio, have both announced they will not back the 2011 plan because it cuts only $38.5 billion, a historic amount for a single-year reduction but about $23 billion less than what Republican lawmakers said was needed to fulfill their campaign pledge to reduce spending to 2008 levels.

Jordan, who heads a large faction of conservative House Republicans as chairman of the Republican Study Committee, said he expects significant GOP opposition when the 2011 budget comes up for a vote.

Even with a 24-seat majority, Republicans will almost certainly need the help of fiscally moderate Democrats to get the 2011 plan passed, Republican aides told The Washington Examiner, because many GOP conservatives and freshmen backed by the Tea Party will vote against it.

The federal government is operating under a temporary funding measure that expires Thursday at midnight.

Influential conservatives are pushing the GOP's far right flank to oppose the 2011 bill. Talk show host Rush Limbaugh panned the deal Monday and said the media and political pundits were too eager to praise Boehner, who he said should have pushed harder for deeper cuts.

"It doesn't appear that the rank and file is buying any of the spin," Limbaugh noted.

Chris Edwards, director of tax policy studies at the Cato Institute, a libertarian think tank, said Republicans may be angered that some of the cuts appear to be from areas of the budget President Obama had already intended to cut or target funds that haven't been allocated yet for specific projects.

"I suspect some of the cuts may not be real cuts," Edwards said, adding that "there may be a bit of a backlash" from conservatives.

Tea Party activists plan on making their disappointment known to the GOP leadership and individual Republican members.

Monday, 11 April 2011

The Biggest Loser of the Budget Deal is the Tea Party



Rush Limbaugh is right. The media hates the GOP. Ever since the budget passed, the media is praising and acknowledging that John Boehner got the upper hand of the deal. The loser of this fight isn't Obama, but the Tea Party. It is obvious that the media is being condescending that the Tea Party didn't get what they wanted. The media is in glee. But since the media can't target a particular member of the Tea Party, anything to belittle them and make them insignificant is a success. That is the only limitation the media, Liberals, and Rhinos could muster. The Tea Party is not a true party. It is a grassroots made-up of concern citizens of every political faction. In reality, 38 billion is peanuts compared to the trillions in deficits. 2012 will be here very soon. The GOP establishment better watch out for more backlash from the Tea Party community. In fact, Rush got the GOP establishment on his radar.

Media Declares Boehner Win to Neuter the Tea Party base

RUSH: Last campaign, Republicans promised $100 billion in cuts if they were elected to run Congress. Then the $100 billion became $61 billion -- and, by the way, the $100 billion, if we are all honest... In fact, when that $100 billion was first announced during the campaign we all kind of scratched our heads and said, "What? Just a $100 billion? That's it, just a hundred billion? That was the pledge?" But regardless, let's stick to the subject for just a second. That was the pledge: $100 billion, then it became $61 billion prorated, and it ends up $38.5 billion. What changed? The answer is very simple.

What "changed" is the DC ruling class uniting in its effort to neuter the Tea Party. That's what changed -- and I remember we spoke about it on several occasions on this program. I warned you people many times: "The ruling class of Washington doesn't -- including the Republican element of the ruling class -- doesn't like the Tea Party, doesn't like something they can't control." The Tea Party doesn't have a leader. It's genuine grassroots. It consists of people who have never prior been active in politics, but they're so upset, they're so alarmed and they're so concerned, they are now. You ever stopped to think of this?

Intellectually, you and I know that the Democrat Party and the mainstream media hate John Boehner just as they would hate any Republican leader. They hated Reagan. It's nothing personal with Boehner. They just hate him -- and now, all of a sudden, they're praising Boehner to the hilt. Now, all of a sudden -- and you've heard it all weekend long -- Boehner is the big winner? It just doesn't connect intellectually. You know it and I know it. You may not have been able to put your finger on it at first, but you knew it didn't sound right. You knew it didn't make sense using intelligence guided by experience.

These guys don't like Boehner. Now $38.5 billion dollars is a big win? He snookered Obama? Wait a minute here. This doesn't add up. Unless -- unless -- this is seen as Boehner's victory over, not Obama, but the Tea Party -- and isn't it the case that the Democrats and the RINOs look at $38.5 billion as a victory over the Tea Party? Remember, Democrats, the media, liberals hate us. They fear us more than they fear Al-Qaeda. They think we are the biggest enemy they face. Anything that marginalizes us, they celebrate. If they think Boehner has marginalized the Tea Party -- if they think the Tea Party has been neutered within the Republican caucus -- then, yeah, it makes all the sense in the world to praise Boehner.
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