I went to the WhiteHouse.gov, and their headline: “Bipartisan Debt Deal: A Win for the Economy and Budget Discipline.” It’s a very long piece, I’m not going to read the whole thing to you. But it is the most straightforward and complete outline of the deal from the White House perspective that there is, and at WhiteHouse.gov they are beside themselves with joy. This post crows about how this debt deal locks in Obama’s runaway spending. They’re ecstatic about how it slashes the military and protects entitlements, even locks in the end of the Bush tax cuts. All of which should disabuse anyone of the notion that the Republicans pulled off a tremendous victory here. Note, too, there will be no spending cuts until after the 2012 elections. That’s part of the deal.
So Obama will get his $2.4 trillion of walking-around money with no strings attached, a slush fund, spend it, give it to his union buddies just like he did the stimulus. Give it to people who pay union dues which come back to the Democrat Party. Just another, potentially here, $2.4 trillion of money laundering, which is what he wanted in the first place. And notice, too, by the way, that the bipartisan committee is scheduled to make their spending cut decisions on Thanksgiving and Christmas. Where now is the outrage? There was outrage last week about this. Now nobody’s uttering a peep. The bottom line is that this deal increases spending by only eight trillion instead of ten trillion. It lets the politicians claim to have cut spending by two trillion. On top of that, it includes a trigger for more tax increases. It does nothing about Obamacare, which is yet another whopping tax increase.