New Budget Deal: Spend now, call taxes ‘fees’ and save $2 billion per year over ten years, it’s ‘Mickey Mouse’
FOX News calls the new budget agreement as a “step in the right direction” as the $20 billion is being reported as an impactful step in the right direction against the massive $17 trillion dollar debt.
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House Budget Committee Chairman Paul Ryan (R-Wis.) and Senate Budget Committee Chairwoman Patty Murray (D-Wash.), would set spending for the next fiscal year at $1.012 trillion and increase it to $1.014 trillion the year after that. The impact translates to an increase in federal spending by $45 billion in one year and $63 billion over the course of two years and this is paid for through “fees.”
Murray and Ryan have set forth airline travel “fees” and a requirement for federal (and military) personnel to pay a pension “fee” for managing their retirement plan.
“For far too long here in Washington D.C. compromise has been considered a dirty word, especially when it comes to the budget,” Murray said. “We have broken through the partisanship and the gridlock.”
“As a conservative I think this is a step in the right direction,” Ryan said. “What am I getting out of this? I’m getting more deficit reduction.”
Ryan defended the agreement on the Sean Hannity show, explaining the goal of delaying the impact of sequestration on defense spending, even though there has been massive rises in spending over the last ten years.
Conservative radio host Mark Levin countered, saying the impact is “Mickey Mouse” with such a massive government debt. Ryan also tried to defend the efforts, saying that this will help prevent a future government shutdown, saying he’s “not raising taxes.”
These are defined as “fees” not taxes.
Levin doesn’t see this happening and says the deal only reduces $20 billion over ten years – “…Ain’t going to happen.”
Critics are piling on the Ryan plan, noting that the figures are just too small, while supporters of Ryan are touting the impact as greater than the numbers.
