Editor’s Note : Three-card Monte (also known as Find the Lady or the Three-card Trick) is a confidence game in which the victim, or mark, is tricked into betting a sum of money on finding a certain card, usually the Queen. In this case, Americans are betting America’s future on the confidence game being played in the District of Corruption.
As we all have heard, unless you are completely oblivious that with great fanfare that Paul Ryan (the darling of some, but is now showing true colors) and Democrat/Progressive Senator Patty Murray have reached a “compromise” on the Budget. Lets take a look at some questions and answers, thanks to Wall Street Journal, and what ISN’T being said.
Budget Deal 101
House Budget Committee Chairman Paul Ryan (R., Wis.) and Senate Budget Committee Chairman Patty Murray (D., Wash.) reached an agreement on spending levels for the government for the next two years. That’s right. TWO YEARS. Not two weeks or two months. Here’s what it does and doesn’t do:
Q: After the shutdown and all the mudslinging, can we really use the words “budget” and “deal” in the same sentence?
A: It appears so. Mr. Ryan and Ms. Murray have agreed on how much spending the government should allocate for programs like the military (Authorized by Constitution…OM), education, housing (Neither which are responsibility of Federal Government, no matter what they say and all this does is give D.C. MORE control of the states & people…OM), and transportation (What are the Federal gas taxes for? Are they thinking of doubling the gas tax as @TeamCavuto asked, “Where is the tax money is going NOW?” or where did the Porkulus money go, what about those not so shovel ready jobs. Maybe it for buses with WiFi in Louisville, KY using Federal money from a major Interstate Bridge project. Or maybe its going to state workers (Federal funded) who sit around all day, then commit time clock fraud by working overtime…OM) for the year that ends Sept. 30, 2014, and the year that runs from Oct. 1, 2014 until Sept. 30, 2015. Congress must still vote to actually appropriate that money, and congressional spending committees must draw up legislation, but a huge part of the heavy lifting is done. (Or is it more heavy screwing of American People…OM)
Q: Well that didn’t seem so hard. Can we tune out Washington until 2014 now? (Is that what the elites are counting on…OM)
A: Not quite. Mr. Ryan and Ms. Murray have to sell their plan to rank-and-file members of Congress. The House plans to vote on the proposal later this week (Now we’ll see who are the REAL Conservatives are…OM) and the Senate plans to vote on it possibly next week (And the Socialists/Dems control Senate, You know those same Dems that gave us Obamacare and Great Leader likes it…OM). Mr. Ryan’s sales pitch will come at a conference meeting Wednesday morning with Republicans.
Q: How does this avoid a government shutdown?
A: Congress has funded many government operations through Jan. 15, 2014. Now that lawmakers know how much money to spend, they can write spending bills. (How about how much money to CUT…OM) Remember, government shutdowns usually aren’t over whether or not to fund the government, they are over how much money the government should get to operate. Mr. Ryan and Ms. Murray have agreed on “how much” for the next two years.
Q: What does the deal do?
A: It would replace roughly half of the automatic spending cuts that are set to take place in 2014 with other budget changes. In other words, it increases the budget for federal agencies to $1.012 trillion in 2014, up from the $967 billion level that would be in effect without a deal.
Q: Wait a second. This just sounds like more government spending. Did they pull another fast one on everyone? (YES!…OM)
A: They are increasing spending on certain government programs in 2014 and 2015. But they are doing this while making permanent changes to certain programs that ends up actually reducing the deficit by an additional $22.5 billion over 10 years (That’s $2.25 billion a year, not even a rounding error…OM), and more after that. This includes things like changes to the way government pensions are funded. So it replaces $63 billion of sequester cuts over two years, and includes an additional $22.5 billion in deficit reduction.
Q: Can this deal pass the House of Representatives?
A: Mr. Ryan made a strong case at the Monday night press conference for why this is the best deal conservatives could hope for, highlighting how it includes new deficit reduction and doesn’t raise taxes (BUT it increases charges on Airline travelers…OM) He says he has briefed Republican leaders and has their support. He does not seem worried one bit, and his reputation is on the line.
Q: If rising health care costs are supposed to be the biggest budgetary problem, how can the chairmen of the budget committees claim a victory without tackling Medicare? (Medicare does need some reforming, BUT what about MEDICAID? After all people pay for Medicare, MEDICAID is a handout and more people are going on it thanks to OBAMACARE…OM)
A: Mr. Ryan and Ms. Murray know they have work to do on Medicare, but they did make one change in their deal that will extend some restraints on the program. The sequester currently cuts 2% from Medicare payments to health care providers from 2013 through 2021. The Ryan/Murray deal extends those cuts to 2022 and 2023. That’s not much, but it’s something. (BUT no cuts to the handout called Medicaid…OM)
Q: Expanded unemployment insurance benefits are expiring at the end of December. Does this impact that?
A: No. That could be dealt with separately, but it’s not part of this deal.
Q: The farm bill is also expiring. I’m hearing crazy things in Internet chat rooms about my milk prices. Should I be stockpiling 2%?
A: The farm bill is being addressed separately, though it sounds like they will have a temporary extension in place to prevent an egg nog bubble.
Q: Phew. Thank goodness they prevented another government shutdown and took the debt ceiling off the table.
A: Um. No. They did likely prevent another government shutdown, but they did nothing to address the debt ceiling issue (DON’T RAISE IT, Government must learn to live within a budget, LIKE the rest of us..OM). That will have to be dealt with in February or March.
Source of base article: Damian Paletta http://blogs.wsj.com/washwire/2013/12/10/budget-deal-101/