Tag Archives: Budget

Budget Deal Reached

So John Boehner has brokered a deal with the Congressional Democrats and the White House that will allow him to walk away from his job as Speaker of the House and his seat in the House without a financial crisis looming over everyone’s head. The debt ceiling gets raised and we the politicians get to spend an extra $80 billion over the next two years.

But with the spending increases there will be cuts:

The agreement would raise spending by $80 billion over two years, not including a $32 billion increase included in an emergency war fund. Those increases would be offset by cuts in spending on Medicare and Social Security disability benefits, as well as savings or revenue from an array of other programs, including selling oil from the nation’s strategic petroleum reserves. The Medicare savings would come from cuts in payments to doctors and other health care providers.

Source: Congress and White House Reach Tentative Budget Deal – The New York Times

Ya know, part of what I expect to get back for the money I’ve spent on Social Security over the years is protection from becoming disabled. I mean that is a hard, hard way to enter retirement and cuts to this program are going to bounce back and bite us.

And I imagine that there is going to be some really pissed off doctors and home health care professionals out there over this. Especially home health care professionals. These people are exempt from minimum wage laws as it is. Will this have them paying Medicare to work?

And why are we selling oil from our strategic petroleum reserves now?!? The price has bottomed out on oil. We should be filling our tanks now to sell it to the suckers later when oil prices shoot back up!

I really don’t think this is a better alternative than having government shut down for a few days.

Obama says he cannot guarantee Social Security checks will go out on August 3 – Political Hotsheet – CBS News

And it isn’t just the Republicans. Scare tactics like this are uncalled for also:

“I cannot guarantee that those checks go out on August 3rd if we haven’t resolved this issue. Because there may simply not be the money in the coffers to do it,” Mr. Obama said in an interview with CBS Evening News anchor Scott Pelley, according to excerpts released by CBS News.

via Obama says he cannot guarantee Social Security checks will go out on August 3 – Political Hotsheet – CBS News.

These guys know they are going to come to a deal on this and the nations credit limit will be raised. I just get so tired of the posturing. And they don’t need to be scaring my parents!