Every week on Monday, the WoW! community and our invited guests weigh in at the Watcher’s Forum, short takes on a major issue of the day, the culture, or daily living. This week’s question: What Do You Think Of the New Budget Deal?
Rob Miller:I’ve never been a fan of debt unless it’s tax deductible.
But as we all know sometimes, it’s a necessary gamble and government has its own rules, after all. Sometimes, you really do have to spend money to make money, and other times there are simply necessary expenses you have to finance.
I think this deal was necessary for a couple of reasons. And I think President Trump as a businessman is well aware of this.
First, it gets rid of Barack Hussein Obama’s sequester nonsense and allows for badly needed defense spending. Most Americans have no clue as to how badly Barack Hussein Obama and his minions damaged our military.
American military policy since the beginning of the 20th century has been to have the naval strength to project our power globally and to have the ability to fight a two front war if necessary. The more candid members of our military admit we no longer have this capacity. Not only is our Navy way behind in the ships it needs, but a number of our weapons, including our nuclear arsenal are outdated and in need of upgrades and modernization. And since Mrs. Clinton and President Obama gave the Russians free access to a number of our top secret missile defense assets like Hit-To-Kill as part of the so-called reset, that needs major upgrading too.
This all takes money to fix.
This period also saw our military reduced to a ‘social justice’ and ‘diversity’ experiment, with a number of experienced NCOs, enlisted men and officers who wanted to make the military their career being tossed out and in many cases replaced by new recruits who were far less capable but belonged to groups more likely to vote Democrat. And a number of our top combat commanders like Stan McCrystal and then Marine General Mattis saw themselves forced into ‘retirement’ and passed over for promotion. President Obama’s war on religion in the military and insistence that chaplains officiate at same sex marriage not only saw many chaplains resign their commissions but had a definite effect on re-enlistments. Rebuilding our military from a personnel standpoint will also take money and commitment.
Second, America’s infrastructure very badly needs repairs. That also takes money and is a national security issue as well as an economic one.
Finally, this is a political victory. It is a two year funding bill, and it was done without the concessions for the illegal migrants known as ‘Dreamers’ the Democrats formerly demanded. They signed onto this bill for nothing more than a promise of a debate in congress. And they did it understanding that the promise means nothing.. President trump will not sign any bill that doesn’t end chain migration, end the ridiculous ‘diversity visas’ hire more border patrolmen and pay for the border wall, and the Democrats will never concede these points. In other words, they have, for all practical purposes cut the Dreamers adrift except for some nasty, meaningless rhetoric that can be used as CNN soundbites for the True Believers.
And don’t think that the Dreamers and their vociferous supporters don’t know they’ve been shafted. That could have some interesting implications in the midterms when it comes to Democrat turnout.
Another point worth mentioning is that much of what President Donaldus Maximus wants to spend the deficit spending on is going to lead to a great deal of economic activity, all of which can be taxed, not to mention real job creation which will also brings lots of money into the economy. I wouldn’t be surprised one bit if the taxable revenue created pretty much disposes or even exceeds the amount of deficit spending required.
I actually like Senator Rand Paul a lot and I think his late night showmanship in congress was actually necessary to remind his colleagues that they’re spending other people’s money and that fiscal competence is desired. But I see the benefits to be derived as far outweighing the possible consequences.
Dave Schuler: Rand Paul had it about right when he said that when the Republicans are in power there is no conservative party.
The CBO calculates that the new budget will result in a deficit of about 955 billion in 2018. That’s kind of high when the economy isn’t in recession—about 5.25% of GDP.
Its consequences will depend on how fast the economy grows. We can safely run a deficit less than or equal to the increase in GDP just about indefinitely. If the economy grows faster on an annual basis than it has since Ronald Reagan’s first term, we should be okay.
One major difference between now and Ronald Reagan’s first term is that the national debt is much higher both in absolute terms and related to GDP than it was then. The scholarship on that suggests that higher levels of debt are a drag on the economy. So, we’re conducting a real life experiment.
Laura Rambeau Lee:We conservatives spent many hours and contributed our hard earned money to help elect candidates who promised they would cut spending and reduce the debt. Through nearly a decade of hard work and dedication we delivered the House, Senate and ultimately the White House to Republicans. We expected our “trusted servants” to deliver on their promises. It has become obvious there is very little honor in Washington, only betrayal. This budget deal will not bode well for Republicans in the upcoming elections.
Well, there it is!
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