Tag Archives: DEBT

What’s The Hurry? Senator Sessions On Ryan’s Pelosi-Style “Shove it Down America’s Throat” Spending Bill – Slow Down

Posted on October 31, 2015 by Rick Wells

SESSIONS

It was entirely predictable that the last act of Speaker John Boehner and the first act of Speaker Paul Ryan would be a seamless continuation of the assault on the American people; that‘s what Congress does these days. It’s also no surprise that the assault included a capitulation to the wishes of the anti-American tyrant in the White House, for the same reasons.

The power of the purse is being discarded for the remainder of the Hussein Obama nightmare, as is any pretense of financial responsibility in a deal which Senator Jeff Sessions has discovered looks remarkably similar to one co-authored by Paul Ryan back in 2013. The wolves aren’t just guarding the hen house, they’ve taken it over. It’s a complete abdication of responsibility and duty to their constituents, one which Sessions reminds his Congressional counterparts there is no need to rush to complete. He reminds them of their duty, something they seem to have forgotten, to the people of the nation. On Tuesday Sessions wrote:

WASHINGTON—U.S. Sen. Jeff Sessions (R-AL), a senior member of the Senate Budget Committee, issued the following statement after outgoing speaker John Boehner and President Obama unveiled a two-year deal to suspend the debt limit, waive federal spending caps and raid workers’ payments into their Social Security Trust Fund:

“Once again, a massive deal, crafted in secret, unveiled at the 11th hour, is being rushed through Congress under threat of panic. Once again, we have waited until an artificial deadline to force through that which our voters oppose.

At its core, this deal with President Obama does two things: First, it lifts federal spending caps for the next two years – including a $40 billion increase in spending on the federal bureaucracy. Second, it waives the federal debt limit through March of 2017, allowing for approximately $1.5 trillion to be added to the debt – ensuring no further conversation about our debt course or any corresponding action to alter it.

It appears this deal is built on the same principles as the Ryan-Murray budget deal from 2013. It exchanges instant increases in federal spending for distant savings, as much two decades down the road, that are likely to never materialize. It funds increased spending through increased revenues – violating a core budget principle by collecting more money to expand an already too-large federal bureaucracy. And it trades the termination of today’s spending limits for the promise of new spending limits ten years from now.

The spending caps in law today were pledged as part of the 2011 Budget Control Act agreement to lift the debt ceiling by $2.1 trillion. It represented a bipartisan commitment to cap spending at a fixed amount. This deal shatters that commitment by spending $80 billion more than we promised over the next 2 years.

The deal also uses a common gimmick where alleged savings in an entitlement program are used to boost unrelated spending in the federal bureaucracy. Any savings found to entitlement programs faced with insolvency must be used to shore up those programs – not to surge spending somewhere else. Yet this deal claims illusory savings from Disability Insurance and increased pension insurance fees in order to boost bureaucratic budgets. Perhaps even worse, the deal attempts to stave off the shortfall in fraud-ridden Social Security Disability by plundering from the Social Security Trust Fund for retirees. One hundred and fifty billion dollars in funds will be siphoned from Americans’ payroll retirement contributions and redirected to the mismanaged disability program.

Finally, this deal cements the unacceptable precedent that every dollar of increased defense spending should be matched with a dollar of increased non-defense spending. This is upside-down: if an emergency requires more defense spending, common sense says we should seek to identify reductions, not hikes, to spending in non-defense accounts.

The people want an end to wasteful Washington spending. Lifting the budget caps and raising the debt ceiling through 2017 only ensures that our ineffective bureaucracy continues its wasteful ways while momentum in Washington for debt reduction stalls out. It eliminates a powerful opportunity to advance the case for financial discipline.

The deadline is artificial and can easily be pushed back with a short-term measure if needed. Republicans should insist that any vote on spending caps or the debt ceiling be delayed until the House has chosen a new Speaker – and until there has been a full conversation among our conference and, most importantly, our voters. There is no urgency to pass a 2-year deal. GOP voters are entitled to have their representatives represent them – not act as opposing counsel, urging them to capitulate to the President’s demands. Whether it’s spending, debt, crime, immigration or trade, it is time for us to start fighting for what our voters want – instead of demeaning their just concerns about the future of our country.”