Thursday, December 19, 2013

Washington's Put-Off-For-Later Budgeting

The Ryan-Murray compromise is disliked by both Democrats and Republicans.   That it is the only option for the moment - and does have some positives - ultimately doesn't change that it continues the refusal to kill money-draining entitlements that are crashing the economy.

While the piece linked is decidedly pessimistic about the compromise, it makes the mistake of assuming there won't be real reform down the road.   The failure of Obamacare and the reality of entitlement bankrupcy - which helped force Democrats to let themselves be dragged kicking and screaming to 2011's sequester agreement that imposed some modest but nonetheless real spending cuts - indicates otherwise.

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