Monday, February 3, 2014

Budget "Battle" Ends on an "Embrace the Suck"

budgetIn a anti-climatic way, the budget "negotiations" and "battle" have ended for the most part. Republicans, not Conservatives, caved, as usual.  It appears that fiscal responsibility is something only American households are supposed to embrace, not our Congress and Government. In the end, no one is a winner, except Government Bureaucrats who get to keep spending our hard-earned money in wasteful fashion.
How did all this go down without the partisanship and actual debate we would expect?  Easy, put Paul Ryan in charge of negotiations on the Conservative side of the budget.  Representative Ryan is respected among Conservatives for his fiscal plans.  Supposedly, this was to quiet the Conservative base. Mother Jones diagrams the solution in a way that is easy to see.  In reality, what happened was simply a political ploy to set themselves up for supposed winning in 2014.
Republicans did not want another shut down to be blamed on them.  They just don't seem to get it though.  No matter what Conservatives do, they will always be blamed by the biased media. The budget is one area where Republicans and Conservatives have strong support.  65% of Americans polled agree that spending needs to be cut.  So, why cave so easily and repeal most of the Sequestration cuts that were finally helping balance the budget?
budgetIt makes no sense, this "go along to get along" attitude. Republicans do not seem to understand that they leave Americans with no alternative to big spending Democrats. Americans are sick and tired of big spending government and want some accountability. This budget does nothing but appease the Left and Center-Left.  Where has being "middle of the road" gotten Republicans in recent years?  McCain and Romney were centrists who supported various big government approaches under the Republican branding.  Due to this, Conservatives did not turn out in numbers for the elections and they lost both elections.
However, Conservatives have been winning in droves at other levels.  Running on fiscal responsibility and smaller budget platforms, numerous candidates have won elections.  A recent poll highlights just how much support there is for Conservative solutions:
Yet, here we are again; sitting with a budget that does little to nothing to curb spending. Republicans should have demanded more in return; within reason this budget should have included some major cuts to spending or entitlement reforms.  Instead, it raises spending above the Sequestration levels once again.
budget revenuesWe have seen massive increases in taxes over the past few years, with little to no cuts.  The cuts included in previous budget deals have now been dissolved for the most part.  And, the problem is not tax revenues, it is purely a spending problem in Washington.  In 2013 alone, tax increases accounted for $188 Billion in additional revenue being collected. This 60% increase in revenue is not offset by spending cuts as recommended by Simpson-Bowles.
I am convinced tax increases should be removed from any and all budget negotiations moving forward. It is time to look at spending which is the major driver of our deficits and uncertainty in the markets.
Yet, Republicans just pulled the power of the purse away from themselves.  They just lost their negotiation power in what could be called worse than a sucky deal.  I, for one, do not "embrace the suck".

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