Budget Deal Leaves Big-Spending Libs Disheartened
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.