Loco Liberal Logic: Reduce the Deficit by Studying Pig Poop
Just how simpatico are they?
According to the memo, Murray calls for a “balanced, bipartisan, and comprehensive” deal. Translation: Murray wants a higher ratio of revenue to spending cuts, i.e., more taxes:
As we continue working to tackle our budget challenges and build on recent efforts, it is valuable to look to the work of bipartisan groups over the last several years as frameworks for what a balanced, bipartisan, and comprehensive deal could look like.
These bipartisan frameworks include significant new revenue and have far more balance between spending cuts and revenue increases than the deficit reduction measures we’ve enacted to date.
For instance, the President’s Fiscal Commission and the Senate’s Gang of Six each proposed roughly $4.8 trillion in deficit reduction over the 2012-2021 period,6 with over $2 trillion coming in the form of new revenue. Excluding the interest savings of roughly $800 billion, the two bipartisan efforts proposed a roughly 1:1 ratio of spending and revenue savings.
It appears entirely possible that Murray’s budget will propose a tax hike of $2 trillion or more!
This is precisely the mindset that got us into debt and grew our deficits in the first place. If you send money to Washington, they will spend it without hesitation. When they spend it, there’s a high probability that it will be spent in a wasteful manner (like for studying pig poop… no, really.)
As you read this you might wonder how pig poop and Senator Murray are related. That’s a stretch, right?
Not really. It is reckless moves like the one she’s just proposed that allow Washington folks to spend your hard earned paycheck on, well, pig poop. And that ain’t rocket science.
Of course, all the egregious waste pales in comparison to our out of control entitlement spending – which will devour all tax revenues by 2048.
But for Senator Murray to propose this type of budget in the name of deficit reduction is both reckless and disingenuous. We deserve better from our elected officials.
The Heritage Foundation has explained that even with the sequester, federal spending by 2023 will grow by 67 percent. Without it, it would have grown 69 percent. Either way, the rate at which the federal government is flushing your hard-earned paycheck down the toilet – or spending it on pig poop – is growing.
Again, in all seriousness, the major driver of our debt and deficit is excessive federal spending. Heritage’s Romina Boccia explains:
Spending continues growing at this massive pace because sequestration leaves the real drivers of spending and debt—the entitlement programs—nearly untouched. In 2013, spending is projected to grow by $57 billon without sequestration and by $15 billion with sequestration. The sequestration reduction to discretionary spending, including to defense, of $39 billion in 2013 is more than offset by the $85 billion increase in mandatory or entitlement spending this year.
Total spending in 2023 will be only 2.4 percent less than what it would have been without sequestration. Neither does sequestration rein in chronic deficits. Sequestration trims only 12 percent off cumulative deficits over the decade, while U.S. debt held by the public continues growing to economically damaging levels. Deficits return to trillion-dollar levels before the end of the decade. Tax increases would not solve Washington’s budget crisis but would only weaken the economy. (emphasis added)
Sen. Murray’s budget proposal completely ignores the real problem of excessive spending. Rather than getting to the root of the problem, her proposal simply adds fuel to the fire.