11/3/15 Budget Busting
Congress passed a budget that will rein-in spending. So they claim.
Here’s the reality. Republicans and Democrats busted through the budget caps they set two years ago. After busting through the ones they set in 2011. The promise is always the same. We’ll overspend now. But well save money later. Later never comes.
Republicans won control of the House in 2010 campaigning on their “Pledge to America” they would cut “at least $100 billion” the first year. They immediately backed-off that pledge after taking office. Eventually, they cut a miniscule $352 million.
Two years ago, House Republicans offered a plan to balance the budget in 10 years. House Democrats offered to do so in 30. The Senate didn’t have a plan. And President Obama said balanced budgets didn’t matter.
Senate leaders Mitch McConnell and Harry Reid and House leaders Nancy Pelosi and John Boehner worked together time and time again to raise the national debt ceiling. Which drives the U.S. deeper in debt. The national debt was $10 trillion when Barack Obama took office. Today, it’s more than 18 trillion. More debt will be created during his presidency than in the previous 220 years.
There is a minority in Congress who vote against over-spending. But they are punished by party leaders, attacked by the media and made fun of by late-night comedians.
We’re in a heap of trouble.