Wednesday, December 11, 2013

Ryan-Murray Budget Deal: A Total Mockery of Fiscal Contraint

Let me be perfectly clear that this so-called budget deal is nothing but a farce.  This budget deal does nothing to solve our out-of-control federal spending and our ever-increasing national debt.  As a matter of fact, this deal will cause federal spending to increase by $45 billion when spending was scheduled to drop by approximately $20 billion through sequestration.  Also, the Ryan-Murray deal promises to reduce the deficit by $28 billion over the next ten years.  However, the federal government will spend around $40 trillion over the next ten years.  The math tells me that deficit reduction amount equates to 0.007% of federal spending over the ten-year period.  What a joke!  To add further insult to economic sanity, the Ryan-Murray deal will add something like $8 trillion to our national debt over this time horizon for a total of $25 trillion


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