In Washington, they’re getting lined up for a battle royal on the budget. President Obama’s budget proposal is basically to drive the government deeper and deeper into hock. The Ryan (Republican) proposal calls for major cutbacks. Both rely on long range forecasts that are unrealistic, but for different reasons. A battle is coming. The Democrats are aghast that we would cut spending on such vital national interests as the Cowboy Poetry Festival (I’m not making this up). Republicans want to gently slash everything except our massive military outlays. If nothing else, this will be fun to watch.
I am not convinced that the Ryan (Republican) proposal cuts enough, but it would at least buy some time. The Democrats simply seem to want to throw future generations under the bus. I could be wrong, but that’s how it looks to me.
Whatever happens, it won’t be more severe than the Ryan (Republican) proposal. That’s the upper bound of fiscal rectitude, which means we’ll be in big trouble again – but not as bad as if the Obama budget were adopted.
There’s little you or I can do about this. Angry calls to Congress or letters to the editor are of hardly any value. All you can do is plan your affairs accordingly.
- Ryan’s Roll Out (politicalwire.com)