What's the deal with the Budget Deal?
Well, we have a budget deal, but how good is it?
According to Paul Ryan the deal would set overall discretionary spending for the current fiscal year at $1.012 trillion -- about halfway between the Senate budget level of $1.058 trillion and the House budget level of $967 billion. The agreement would provide $63 billion in sequester relief over two years, split evenly between defense and non-defense programs.
The increased spending from the break of the sequester is offset by savings elsewhere in the budget. Ryan notes the agreement includes dozens of specific deficit-reduction provisions, with mandatory savings and non-tax revenue totaling approximately $85 billion. The agreement would reduce the deficit by between $20 and $23 billion.
As of this morning, only 18 percent of the respondents in our RightWisconsin.com online poll
wanted the GOP to give up some sequester cuts to avoid another government shutdown. Thirty five percent said the sequester shouldn't be abandoned under any circumstances during the budget negotiations and 48% said the GOP should hold that card in their back pocket for a while, to maximize their leverage.
Americans for Prosperity and other third party groups have already come out strong against the plan. Our Collin Roth
has a piece today where he also calls it a bad deal for conservatives.
Now the cuts have been "eased." The budget surges above $1 trillion for two more years. There were no entitlement reforms. And the promises to cap and cut spending are broken in exchange for future promises to cut spending.
So: Will Ryan's deal even survive a vote in the House? We'll discuss this on my show and throughout the day at RightWisconsin.com.