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Budget deal takeaways

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  • Strongly Liberal Democrat
    Democrat
    Dallas, TX
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    http://www.washingtonpost.com/business/economy/house-senate-negotiators-reach-b...

    Main things:

    -- lifts sequester cut on military

    -- cuts pensions of Federal workers

    -- ends benefits for long term unemployed

    -- higher fees for air travel

    Paul Ryan said it will reduce the deficit by $26 billion.

    Total discretionary spending just above the Ryan budget.
    ..........

    So with no credible long-term inflation forecast, and therefore no credible long-term deficit problem, and everything promised by austerity proving just the opposite, we continue on the deficit cutting path.

    And with little evidence that the private credit expansion is coming alive to pick up the slack of gov't in-order to keep positive growth numbers, things could turn ugly fast.
  • Independent
    Ft.myers, FL
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    Carlitos Wrote: http://www.washingtonpost.com/business/economy/house-senate-negotiators-reach-b...

    Main things:

    -- lifts sequester cut on military

    -- cuts pensions of Federal workers

    -- ends benefits for long term unemployed

    -- higher fees for air travel

    Paul Ryan said it will reduce the deficit by $26 billion.

    Total discretionary spending just above the Ryan budget.
    ..........

    So with no credible long-term inflation forecast, and therefore no credible long-term deficit problem, and everything promised by austerity proving just the opposite, we continue on the deficit cutting path.

    And with little evidence that the private credit expansion is coming alive to pick up the slack of gov't in-order to keep positive growth numbers, things could turn ugly fast.
    It is as I said all along "lift sequester cuts on military" which implies the military runs this country; so we are an dictatorship without admitting such.
    The military sequester cuts did not amount to much anyway; the Pentagon's (secret) budget never was reduced, only more F35's and Navy ships were ordered. Why will we all end up as Detroit's? guess!!
  • Democrat
    Philadelphia, PA
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    Since our Aircraft carriers are mini cities unto themselves maybe we should consider using them for our energy needs maybe not a city like New York but a smaller size one, they have medical facilities comparable to some large hospitals and their energy is supplied by reactors ,good for the next 20 years or so, so instead of buying bigger and faster jets, and more expensive of course, just to chase down some donkey riding and hiding terrorist, build a few of more these monster ships ,at least they can serve a peaceful purpose when we are not bombing the hell out of someone.
  • Strongly Liberal Democrat
    Democrat
    Dallas, TX
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    There's always money for bombs to kill people.

    Every self-imposed budget constraint, including the consent of Congress, gets thrown out the window when it conflicts with the military-industrial complex's irresistible desire to kill people.