Budget Deal Leaves Big-Spending Libs Disheartened
Posted by Jim Hoft on Saturday, April 9, 2011, 9:52 PM
Republicans closed the deal last night to avoid a government shutdown.
The big spending democrats were left to lick their wounds.
The Politico reported:
The $38.5 billion deal brokered between Republicans and President Barack Obama on Friday night may have resolved the immediate threat of a government shutdown. But it didn’t take long for many liberal Democrats to begin to realize that there might be not much cause for celebration in the substance of that deal.
In the final hours before the federal government was to run out of money April 8, Democrats honed in on attempts by Republicans to pass anti-abortion policy riders that would defund women’s health programs and Planned Parenthood. But soon after the deal was struck, Democrats turned back to a debate not about where to cut, but whether there should be cuts at all – and who should bear the brunt of the burden.
Princeton University professor Paul Krugman noted that by agreeing to this level of budget cuts, Obama had accepted the premise that the economy has recovered enough to withstand the withdrawal of federal spending. Despite the fragile economic recovery, the economy is still not strong enough, Krugman argued.
“It’s worth noting that this follows just a few months after another big concession, in which he gave in to Republican demands for tax cuts,” Krugman said in his New York Times column on Saturday. “The net effect of these two sets of concessions is, of course, a substantial increase in the deficit.”
But it seemed that the Obama administration had long ago abandoned that line of argument.
Unfortunately for democrats there are more cuts ahead. Their days of binge spending are behind them.
If they thought this week was brutal wait until the Ryan budget plan comes up for debate.
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Published May 23, 2012 at 4:57 am - 59 Comments
bitterclinger commented:
I’m not convinced Boehner won. $38.5 billion when he promised $100 billion? That piddly amount is the interest on the debt for 10 days. The fiscal hawk agree that Paul Ryan’s plan doesn’t even go far enough and will leave us with massive deficits for the next 11+ years!
The govt. needs to be cut by 50% if we’re going to survive. Silent Cal did it in his time, and it resulted in the Roaring ’20s. Read Beck’s book “Broke.” It can be done, if lawmakers have the will and INTEGRITY to SAVE the COUNTRY rather than continually enriching themselves. Then again, Ovomit’s in the WH to see how fast he can crash the economy.
Max commented:
“Princeton University professor Paul Krugman noted that by agreeing to this level of budget cuts, Obama had accepted the premise that the economy has recovered enough to withstand the withdrawal of federal spending. Despite the fragile economic recovery, the economy is still not strong enough, Krugman argued.”
In one sense, he’s right. Big cuts will hurt the economy. On the other hand, if we don’t cut we will go bankrupt or the Fed will destroy us through inflation.
So, either way, screwed. AKA: CHECKMATE. Game over.
Publius commented:
Max,
HOW does BIG CUTS in GOVERNMENT spending HURT the economy???!!!!??!!!!
There’s only one type of economy that such cuts would hurt: a STATIST economy.
P.
Opaobie commented:
For those celebrating the “victory”, keep this in mind from Drudge Report:
“US Debt Jumped $54 Billion in Week Preceding Deal to Cut $38 Billion..”
…so the “victory” resulted in a net LOSS to the American people of $16 Billion, and we go backwards another $4 Billion every day.
Lisa T. commented:
Don’t get too excited by MSM’s spin…. remember when they thought that John McCain was the be all end all?
IMO Boehner missed an opportunity to cut at least an additional 105 Billion from this “round” of negotiations. If he was going to give up the the OCare and PP riders, he should have asked for other equivilant cuts. Remember the GOP’rs were messaging that “it’s about the $$). He could have started with the findings from GAO report that found billions in duplicate spending for instance.
IMO a cave any way you look at it.
Robert commented:
Anybody who is not satisfied, or at least doesn’t think it’s very good at all, will have another chance to make their voice heard very soon. In two weeks they will need to do something about the debt limit.
wolf t. commented:
The only thing Boehner attempted to cut was the heart out of the Tea Party! This cut is a total fraud. The entire republican leadership doesn’t have a pair of ball to share amongst themselves. Now Obama and the dems are taking credit for the cuts, and the republicans, well,… wait until the next election when I predict there will be more Tea Party candidates in the republican primaries. Then Boehner can go back to sweeping a saloon. And cry beery tears over what might have been…had he had any testicular fortitude.
BS61 commented:
BitterClinger – Could not agree more! I see Scott Garrett from NJ has a 7 year plan.
http://garrett.house.gov/
Estragon commented:
Oh, darn! Boehner failed to reverse 75 years of New Deal socialism, and he’s already been in office for THREE WHOLE MONTHS! What a worthless RINO!
I think the vast majority of Tea Partiers are reasonable people concerned about the country’s future, especially the government’s fiscal condition. They are smart enough to understand that this represents the first actual federal budget CUTS in real terms EVER, and that we have changed the conversation from how much budgets can grow to how much they must be reduced.
That’s a sea change, a huge victory against a President and Senate Majority Leader whose strategy was clearly to shut down the government and blame the GOP, knowing the public would then be less likely to support a second shutdown over real money, not this chump change, for the FY 2012 budget. The union loss in Wisconsin’s judicial election and the growing backlash against their plan to stop paying military families, and Boehner’s resolve, forced them to abandon their plan.
I understand some do not see it this way but I would ask them to hold fire, and not start a conservative civil war, until we see how the Republicans in the House and Senate fight for a sane and sound budget for FY 2012.
YeahRight commented:
Please…please….please….everyone just keep jumping up and down for joy!!! Not every day one can eliminate .001% of a bloated budget but see debt rise by $54 billion while the government spends $78 billion more than it took in!!!
Yup…yup…yup…this is winning while America looses….winning for all the messed up politicians on BOTH sides….yup…yup…yup….keep cheering for the republicants who btw are part of this bloated government they let expand.
DaveinPhoenix commented:
What a bunch of crap. We thought we won a big victory in ’95 too. And 16 years later we’re screwed worse than ever before – by far. And 16 years from now, we’ll be screwed worse than we are now. It’s hopeless.
Rose commented:
Don’t worry about the ~poor disheartened Dims~ – they have $TRILLIONS of illegitimate stolen swag and plunder to console them. We still have The Redwood Forest of debt on our backs, same as Last Week and Last Year and the Year Before… But thanks to the House GOP for taking a dozen toothpicks off the load.
Rose commented:
#12, et al —Watch yer tongue! Please. Please don’t give those donkeys any ground. For the Sake of The Lord Almighty – HE is our Hope. He didn’t bring us this far to drop us now!
2 Chronicles 7:14 and Psalm 91 and Psalm 109 and Isaiah 22 – The Lord will come through.
averagemelon commented:
Informed Americans know we need to take a big sword to our debt and deficit and lop off massive parts of this demon called the government until it is near death. We know the results will be painful and bloody at first but we will survive the chemotherapy and stitches.
I remember the glory of the fifties when a home was affordable to all and a job was at every turn. It’s really not that hard to replicate…we had it right once and most of the system is still intact. We need to back track and turn the knobs and buttons to where they were set before. The “experiment” failed. It’s okay if you learn from it.
I personally care nothing if the Democrats howl until their dying breath that it is the fault of Republicans. We know they LIE TO US constatntly and until they can thoroughly redeem themselves, they can never be trusted.
nj in fl commented:
I see no reason for optimism about the Ryan budget fight upcoming, not unless the Repubs get a whole lot saltier, and quick.
The Dems arent going to pass a budget for ’12 either; they’ll blame Repub ‘extremism’ and we’ll have a continuing rehash of what just went down all the way to the election.
Net result: the Dems criminal embezzlement of the Treasury will continue behind the sort of very cosmetic cuts we just saw and the Tea Party base will highly frustrated.
Silver lining: this sort of kabuki will propel Palin greatly, as she is untainted by it and outright opposed to it, unlike her Ruling Class squish opponents. She is quite shrewd enough to run against Obama and Boehner at the same time.
bg commented:
++
wake me up when it’s the LARGEST SPENDING
CUT in the SMALLEST SPENDING BILL ever..
==
Will commented:
Paul Krugman who the hell believe what that liberal loon has to say? I would not go around quoting anything from that sniveling little toad.
Gary Gross commented:
Before we get to Chairman Ryan’s bill, though, they’ll have to address the debt ceiling. They’ll eventually raise it but that’ll come with a stiff price, too.
Agent 99 commented:
The Losers
There will be plenty of losers if the government shuts down, among them:
•The Troops: Members of the military will continue to defend our country and fight its battles, and the government will incur an obligation to pay them — but they won’t get their checks until after a budget is signed;
•Civilian federal workers: Between 800,000 and 1.9 million government employees will be furloughed;
•American investors: It will be open season for anyone wanting to defy the Securities and Exchange Commission, because it will be mostly shut down;
•Tourists: If you are on vacation and want to visit a national park or museum, you won’t be able to get through the locked gates; and
•Old-fashioned tax filers waiting for refunds: If you file a paper return and are expecting a refund — sorry, you’ll have to wait. For electronic filers; however, payments will still be forthcoming.
•Consumer-oriented businesses: Companies large and small that rely on average consumers to buy their products and services will see sales slow down as millions of government workers stop drawing salaries and start tightening their belts to ride out the shutdown.
See full article from DailyFinance: http://srph.it/fmqAZB
SEC (American Investors) and The Troops.
(Consumer-oriented businesses)
The GOP always gets the Blame!! If they DID or Did Not …
It’s about the Military.
Plus the Stock Market ((Open Season…))
Per American Thinker …Libs will ENSURE BHO re-elected by SPLITTING the Vote. ((2012 will not be easy for GOP ….think Massive Fraud))
No “Vote Splitting”
God said Be not Lukewarm. Either Hot Or Cold ..or else I will spew thee from my mouth….
justasimplepatriot commented:
Even the Ryan cuts are too little – too late. I am very afraid the crash is inevitable. If, God forbid, that turns out to be the case, I rather be on the “didn’t cut enough side than the spending side.
Maybe if we correlated the size of the national debt to Global Warming…………..
greg commented:
Much discussion on the Sunday morning pundits and criticism for the Republicans trying to include policy/ideology into the discussion, Republicans are dissed for wanting to talk about anything other than dollars…………
Well folks when my family has a serious budget discussion do to unpaid bills, the only meaningful part is identifying whether or not a vacation will happen, whether the kids will go to private school, How many cell phones/ipads, where we set the temperature for power usage, how much is contributed to charities, how many nights a week are chicken, health club memberships etc etc……….All of this is policy/ideology on a local basis.
I do want the folks in Washington to talk about policy/ideology because that is where real management of our taxes will take place. For ONE WTF to suggest this is irrelevant and a distraction is an admission of ignorance or lack of commitment to using my taxes wisely
RedBeard commented:
$38,500,000,000.00 sounds like a lot of money. Too bad it’s a pathetic drop in the bucket of debt that decades of irresponsible politicians have accumulated, and that the Dems have multiplied wildly over the past 4 years.
This $38,500,000,000.00 can only be called a symbolic win. Substance, not at all.
Boehner and crew had better not be basking in glory, but had better be digging in for the fight to come. We’ll see.
bg commented:
++
Mark Steyn
Ending America as We Know It
[Ending Medicare as we know it? Say it ain’t so! Medicare, we hardly knew
ye! It’s an open question whether Americans will fall for one more chorus of
the same old song from Baucus, Harkin, Podesta, and the other members of
America’s wrinkliest boy band. But, if this is the level on which the feckless
patronizing spendaholics of the permanent governing class want to conduct
the debate, bring it on:
Paul Ryan’s plan would “end Medicare as we know it.”
The Democrats’ “plan” - business as
usual - will end America as we know
it.
Literally, as Representative Wasserman-Schultz would say. One way
or another, Medicare as we know it is going to end. So, if you think
an unsustainable 1960s welfare program is as permanent a feature as
the earth and sky, you’re in for a shock. It’s just a question of whether,
after the shock, what’s left looks like Japan or looks like Haiti.
[..]
America, 2011: A man gets driven in a motorcade to sneer at a man who
has to drive himself to work. A guy who has never generated a dime of
wealth, never had to make payroll, never worked at any job other than
his own tireless self-promotion literally cannot comprehend that out there
beyond the far fringes of the motorcade outriders are people who drive a
long distance to jobs whose economic viability is greatly diminished when
getting there costs twice as much as the buck-eighty-per-gallon it cost
back at the dawn of the Hopeychangey Era.
So what? Your fault. Should have gone to Columbia
and Harvard and become a community organizer.]
more @ link..
==
pbelden commented:
I can’t even read Krugman anymore. He still subscribes to the old keyensian GNP = G + C + I + X in the real world GNP = Private sector (C, I, X) – Public sector (G). In fact, many now postulate that the financial crisis was a result of people (investors) anticipating the public sector, which doesn’t produce, getting larger than the private sector. The sub prime mortgage, derivative problems were just a result of this larger realization.
Mark commented:
•The Troops: Members of the military will continue to defend our country and fight its battles, and the government will incur an obligation to pay them — but they won’t get their checks until after a budget is signed.
WTF, money evaporated? Pay them.
•Civilian federal workers: Between 800,000 and 1.9 million government employees will be furloughed.
Boo f**king Hoo. Fire these clockwatching bozos.
•American investors: It will be open season for anyone wanting to defy the Securities and Exchange Commission, because it will be mostly shut down.
They aren’t worth a damn when the doors are open. Fire them.
•Tourists: If you are on vacation and want to visit a national park or museum, you won’t be able to get through the locked gates.
Cut the locks. YOU own these parks, not the Gubmint.
•Old-fashioned tax filers waiting for refunds: If you file a paper return and are expecting a refund — sorry, you’ll have to wait. For electronic filers; however, payments will still be forthcoming.
If you are living on a tax return, you are an idiot.
•Consumer-oriented businesses: Companies large and small that rely on average consumers to buy their products and services will see sales slow down as millions of government workers stop drawing salaries and start tightening their belts to ride out the shutdown.
Bring it on!
sandy commented:
Boehner won because he changed the subject from no cuts to how much to cut. He who controls the subject controls the agenda.
sandy commented:
Estragon #9 That’s a sea change, a huge victory against a President and Senate Majority Leader whose strategy was clearly to shut down the government and blame the GOP, knowing the public would then be less likely to support a second shutdown over real money, not this chump change, for the FY 2012 budget. The union loss in Wisconsin’s judicial election and the growing backlash against their plan to stop paying military families, and Boehner’s resolve, forced them to abandon their plan.
Well said. The subject is now cutting the deficit not more spending. By the way, will Obama have to account for the trillion in Stimulus money spent we know not where?
grassfarmer commented:
That cut was less than three cents on the dollar. Let’s don’t get too high behind. We will need lots more intestinal fortitude for the Ryan fight that is coming and more support from the Tea Party because the old line GOP doesn’t want to give up their goodies. Remember them in the next election.