"There is danger from all men. The only maxim of a free government ought to be to trust no man living with
power to endanger the public liberty." - - - - John Adams

Tuesday, April 28, 2015

Republicans in Half-Trillion-Dollar Debt Binge

Big Government Republicanism is Alive

  • We do not need two Leftist Democrat Parties in the U.S.  This is why I am a Conservative RINO if you will.  The Leftist, open borders GOP has fully adopted the entire Democrat platform.  I have no party and the elections are rigged.

(Bloomberg News)  -  Republicans in the U.S. Congress who came to power pledging tight-fisted budgeting are going on a tax-cut and spending binge that would boost federal deficits by a half-trillion dollars.

In part, they’re doing it by sidestepping their own warnings about the perils of ringing up even more national debt. Instead, they’re choosing tax cuts and the promise of long-term savings -- and some of the Tea Party members who came to Congress on the pay-as-you-go promise are going along.

So are some Democrats, but it’s the Republican majority that has pushed these bills forward for a mix of motives -- to show voters they can cut taxes and get things done, and to avoid looking like the Party of No. Even some Republicans say it’s wrong.

“How are you going to balance the budget when you are spending all of this money?” said Republican Walter Jones, a North Carolina Republican. “We were the party that advocated less government and less spending. We aren’t keeping our promise.”

The House last week voted to repeal the estate tax, paid by only 0.2 percent of U.S. estates, and to permanently extend tax deductions for state and local sales taxes -- without offsetting the cost of either measure. Those moves would combine to expand the deficit by $311 billion over 10 years.

Another $141 billion will be added over 10 years in a measure signed by President Barack Obama last week that leaders of both parties touted as a sign of getting something done in Congress. The law will permanently fix how physicians who treat Medicare patients are paid. The measure also included a two-year extension of the Children’s Health Insurance Program past its current Sept. 30 expiration.

Other deficit-expanding moves include House passage of a bill to revive a lapsed tax break for small businesses that encourages them to purchase equipment, which combined with other language would cost the government $79 billion over a decade in forgone revenue.

And there are congressional efforts to extend other tax breaks without offsets, to the tune of hundreds of billions of dollars. Republicans also have proposed increasing military spending beyond the caps agreed to in 2011, through a separate budget line called overseas contingency operations.

Senator Cory Gardner, a Colorado Republican who opposed the Medicare payment bill, said he wasn’t surprised that conservatives went along without much of a fuss, saying their desire to get something done won out.

“I think people recognized the significance of the entitlement reform that took place in the bill and recognized the need for a well-thought, long-term solution instead of a year-by-year, kick-the-can-down-the-road approach,” Gardner said in an interview at the Capitol

Read More . . . .

While I favor tax cuts for all, the open borders GOP bends over for the rich while importing millions of legal and illegal aliens to drive down wages for American citizens.

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