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The Republican Party is playing a dangerous game (redstate)
_From the diaries._
There’s a lot to like about Paul Ryan’s budget proposal. It cuts some
spending. It flattens the tax code down to just two individual marginal tax
rates. It also includes some innovative policies designed to halt the
unsustainable growth of health care entitlement spending. However, on balance,
the budget is disappointing for fiscal conservatives for two main reasons: It
waives the spending restraint that was agreed to in last year’s debt limit
deal, and it doesn’t balance the budget until 2040. Broken promises and
unbalanced budgets as far as the eye can see are neither good policy nor a
good campaign rallying cry.
Last year, an agreement was reached in which Republicans gave President Obama
a massive increase in the debt ceiling, in exchange for promised spending cuts
that supposedly had “real teeth.” As part of the deal, Congressman Ryan and
most Republicans voted to require an annual spending cap and $110 billion in
automatic spending cuts for next year – otherwise known as “sequestration” –
if the so-called “super-committee” failed to find $1.2 trillion in deficit
reduction.
Since the predictable collapse of the super-committee, the House GOP should
have been working toward a budget ...
redstate