Origanalist
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The budget deal announced Tuesday by Rep. Paul Ryan (R-WI) and Sen. Patty Murray (D-WA) would boost federal spending by around $65 billion over the next two years. This new spending is offset by increasing user fees, selling broadcast spectrum and boosting pension contributions by federal employees and the military, among other minor changes. Ryan and Murray also say that the deal will reduce the deficit by $23 billion over the next 10 years. This reduction, however, doesn't start until 2022.
According to a 4-page summary document of the deal obtained by Breitbart News, "[t]he budget proposal saves $28 billion over ten years by requiring the President to sequester the same percentage of mandatory budgetary resources in 2022 and 2023 as will be sequestered in 2021 under current law."
The sequester is currently scheduled to run through 2021.
The Ryan-Murray deal pushes it out two years and directs a future President to enforce the same level of cuts to mandatory programs, i.e. entitlements. This move, which has no chance of actually happening, accounts for half the spending cuts in the deal. According to a source on Capitol Hill, without these cuts, the ratio of spending cuts to increased revenue in the Ryan-Murray deal is 1:1.
Congress can't bind a future Congress on spending decisions. Just a few weeks ago, federal discretionary spending next year was "mandated" to be $967 billion. The Ryan-Murray deal lifts that spending to just over $1 trillion. It is not likely that a Congress a decade from now will feel obligated to follow the terms of this deal.
Cont....http://www.breitbart.com/Big-Govern...Savings-In-Budget-Deal-Dont-Happen-Until-2022
According to a 4-page summary document of the deal obtained by Breitbart News, "[t]he budget proposal saves $28 billion over ten years by requiring the President to sequester the same percentage of mandatory budgetary resources in 2022 and 2023 as will be sequestered in 2021 under current law."
The sequester is currently scheduled to run through 2021.
The Ryan-Murray deal pushes it out two years and directs a future President to enforce the same level of cuts to mandatory programs, i.e. entitlements. This move, which has no chance of actually happening, accounts for half the spending cuts in the deal. According to a source on Capitol Hill, without these cuts, the ratio of spending cuts to increased revenue in the Ryan-Murray deal is 1:1.
Congress can't bind a future Congress on spending decisions. Just a few weeks ago, federal discretionary spending next year was "mandated" to be $967 billion. The Ryan-Murray deal lifts that spending to just over $1 trillion. It is not likely that a Congress a decade from now will feel obligated to follow the terms of this deal.
Cont....http://www.breitbart.com/Big-Govern...Savings-In-Budget-Deal-Dont-Happen-Until-2022
