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Conservatives ready to support 1 trillion hole in the budget

Posted on 1/6/17 at 2:33 am
Posted by Eurocat
Member since Apr 2004
16908 posts
Posted on 1/6/17 at 2:33 am
In a dramatic reversal, many members of the hard-line House Freedom Caucus said Thursday they are prepared later this month to support a budget measure that would explode the deficit and increase the public debt to more than $29.1 trillion by 2026, figures contained in the budget resolution itself.

As they left a meeting with Sen. Rand Paul (R-Ky.) on Thursday, some of the conservatives said that spending targets contained in the budget for fiscal 2017 are symbolic. The real goal of the budget legislation, they argued, is to establish an opportunity to finally make good on GOP promises to repeal President Obama’s signature domestic achievement.

“I just came to understand all the different ideas about where we go next,” said Rep. David Schweikert (R-Ariz.), a member of the House Freedom Caucus that typically opposes massive spending increases. Schweikert now says he will probably vote for the budget resolution.

The growing conservative consensus comes nearly one year after the approximately 40-member group announced it would rather torpedo the entire budget process than vote for a fiscal blueprint that increased spending without balancing the budget.

SNIP



The collective shrug from other conservatives is the latest evidence that Paul’

s protest would be a familiar, lonely one. His floor speech attacking the budget measure for making no attempts at deficit reduction — it projects a $9 trillion increase in the debt by 2026 — was preempted by statements from Sen. Ted Cruz (R-Tex.), Sen. Mike Lee (R-Utah), and Sen. Marco Rubio (R-Fla.), pledging to vote for the resolution anyway.

That position has made Paul one of very few Republicans still talking about the debt as a national crisis worth building legislation around. During his presidential campaign, which ended after the 2016 Iowa caucuses, Paul made a number of attempts to draw attention to the national debt and to promote his annual plans to balance the budget with steep spending cuts.

Months later, most of the Freedom Caucus — 17 members — voted against the GOP’s 2016 budget on debt-reduction grounds. The new budget resolution makes even fewer concessions on debt reduction. For Republicans who frequently described the debt as a threat to their children’s futures, it’s a difficult sell.

LINK

Posted by llfshoals
Member since Nov 2010
20816 posts
Posted on 1/6/17 at 6:29 am to
If its 1 trillion that's pathetic.

But an improvement over the 1.3 trillion in Barrack Hussein Obama's last fiscal year.
Posted by BamaCoaster
God's Gulf
Member since Apr 2016
6865 posts
Posted on 1/6/17 at 6:29 am to
Rand should have been President.

Not sure why you're getting so many downvotes.

You're right. This is a sham by supposed "conservatives".
Posted by the808bass
The Lou
Member since Oct 2012
127472 posts
Posted on 1/6/17 at 6:31 am to
ITT, Eurocat expresses a newfound concern for budget deficits.
Posted by Strannix
C.S.A.
Member since Dec 2012
53476 posts
Posted on 1/6/17 at 6:35 am to
Budget? You mean like the Kenyan never had
Posted by TrueTiger
Chicken's most valuable
Member since Sep 2004
81438 posts
Posted on 1/6/17 at 6:36 am to
quote:

Eurocat expresses a newfound concern for budget deficits.



Trump making budget hawks out of everyone
Posted by LSUTIGER in TEXAS
Member since Jan 2008
13685 posts
Posted on 1/6/17 at 7:18 am to
quote:

Budget? You mean like the Kenyan never had
yep, after 8 years without one, it will become a yuge, pressing issue for the MSM to bitch about


and theyll even accuse trump of adding to the debt . pretty rich after jug ears doubled our credit card bill....
Posted by germandawg
Member since Sep 2012
14135 posts
Posted on 1/6/17 at 7:40 am to
Thank god Austerity and Conservatism have been relegated to the dust bin of irrelevance....thank you Donald Trump.

And in the ultimate of ironies and a true dick slap to the face of progressives watch as Democrat after Democrat gets in line when there is pork being served up in large portions!!! They will forget all about women in skirts pissing in the ladies and women marrying women when there is pork being served piping hot and in large quantities!!!!

The path to MAGA is through massive tax cuts and massive spending increases....and when the bill comes due having the nads to tell creditors to take an old cold tater and wait....and Trump has done it at least a couple of times in business and it is exactly what the nation needs to be greater than it already is....
Posted by LSURussian
Member since Feb 2005
134351 posts
Posted on 1/6/17 at 7:42 am to
Since when did you become opposed to deficits?
Posted by Bjorn Cyborg
Member since Sep 2016
34960 posts
Posted on 1/6/17 at 7:43 am to
quote:

Eurocat

germandawg


Two socialists, one thread.

It's like the Poli board version of two girls, one cup.
Posted by a want
I love everybody
Member since Oct 2010
19771 posts
Posted on 1/6/17 at 7:48 am to
John Kasich is a fiscal conservative....but he talks funny....

Lets elect a rodeo clown who has mad twitter skills ...just like a 14 year old schoolgirl.
Posted by wdhalgren
Member since May 2013
4808 posts
Posted on 1/6/17 at 8:06 am to
quote:

increase the public debt to more than $29.1 trillion by 2026


I'm not sure why that would be considered an explosion of debt. Federal govt debt has approximately doubled in the last 8 years, and that's with extremely low interest rates and paying virtually no interest on debt held by the federal reserve, which is quite a lot. Federal govt debt also doubled during the Bush administration. That means our debt is now doubling every 8 years, across a couple of boom bust cycles as engineered by the financial wizards in charge of this financial calamity.

Now Medicare and SS cash flows, which once served as a free bag of goodies for politicians to loot, are turning cash flow negative, and that will add hundreds of billions to the federal deficit, with that amount increasing every year. We're already averaging a trillion per year in additional federal debt over the last 8 years, and that's including during a "recovery" with supposedly low unemployment and a strong economy. Why would it be a shock to average a trillion per year over the next 10 years. That would actually be a decline in the compounding rate at which federal debt is increasing.

If the fed actually raises interest rates above inflation for the first time in nearly a decade, this latest massive asset bubble will crash and we'll run deficits of two or more trillion dollars per year over the next 10, without breaking a sweat, assuming of course that the fed is kind enough to monetize a very large chunk of that amount again. If not, we just have our depression and the federal government will outright default.
Posted by germandawg
Member since Sep 2012
14135 posts
Posted on 1/6/17 at 8:06 am to
quote:


Two socialists, one thread.

It's like the Poli board version of two girls, one cup.




So you are anti-Trump?
Posted by cito
BR
Member since Nov 2015
805 posts
Posted on 1/6/17 at 8:13 am to
quote:

But an improvement over the 1.3 trillion in Barrack Hussein Obama's last fiscal year.


The deficit for 2016 was 587 billion.
Posted by Stingray
Shreveport
Member since Sep 2007
12445 posts
Posted on 1/6/17 at 8:13 am to
quote:

wdhalgren


Given your interest in the debt, did you want Paul to be president?
Posted by wdhalgren
Member since May 2013
4808 posts
Posted on 1/6/17 at 8:27 am to
quote:

Given your interest in the debt, did you want Paul to be president?


My interest in the debt is really just a fascination at this point. The time to fix it is long past. The best analogy I can find is that our debt is like cancer. It grows in an exponential fashion, faster than the surrounding economic tissue, which it eventually destroys. It metastasizes into every aspect of the economy. Once it reaches a certain point, it becomes impossible to treat and the outcome is assured.

That's where we are. No president can treat this problem; the requisite dose of chemotherapy would be just as deadly as the cancer, and a lot quicker. Plus, as far as I can determine the course has been set for currency destruction and it's too late to change direction.
Posted by Eurocat
Member since Apr 2004
16908 posts
Posted on 1/6/17 at 9:45 am to
Interesting creepy comparison.
Posted by Vacherie Saint
Member since Aug 2015
47117 posts
Posted on 1/6/17 at 9:48 am to
Soooooooooo, "many" members of a 33 member house caucus?

What am I supposed to be pissed about here?
This post was edited on 1/6/17 at 9:50 am
Posted by AUbused
Member since Dec 2013
7827 posts
Posted on 1/6/17 at 9:51 am to
Sad day when long time forum hero, Rand Paul, is fighting against a 9.7 trillion addition to the national debt passed by the GOPe and the PT downvotes it.

Party before country AMIRITE?

Or is it just ok because its half a trillion less than fricking Obama. Great benchmark you fricksticks set for yourselves.
Posted by Big12fan
Dallas
Member since Nov 2011
5340 posts
Posted on 1/6/17 at 9:56 am to
quote:

The path to MAGA is through massive tax cuts and massive spending increases....and when the bill comes due having the nads to tell creditors to take an old cold tater and wait....and Trump has done it at least a couple of times in business and it is exactly what the nation needs to be greater than it already is....


Bernie Madoff as Sec of Treasury?
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