Budget agreement reached

TheDemSocialist · Dec 10, 2013

Rep. Paul Ryan and Sen. Patty Murray unveiled a two-year budget agreement late Tuesday night that they say will end years of bitter budget wars on Capitol Hill.
The framework amounts to a modest deal that averts another government shutdown, replaces the sequester and provides a level of certainty on spending that hasn’t been seen in Washington for several years. But it doesn’t raise the debt ceiling, which Congress must address sometime next spring. And it’s far from a grand bargain that overhauls entitlement programs or the tax code — an approach the negotiators refused to entertain for fear of getting bogged down.

The bipartisan package includes $63 billion of “sequester relief,” $85 billion of total savings, and $23 billion in net deficit reduction. The agreement would set the discretionary spending level for fiscal year 2014 at $1.012 trillion, and $1.014 trillion in FY 2015.

President Barack Obama backed the deal and Ryan and Murray predicted that it would pass both the House and Senate. Still, both lawmakers acknowledged that conservatives and progressives will find items they don’t like in the package.

Read more: Budget agreement reached - John Bresnahan and Jake Sherman - POLITICO.com

Thank god a deal is reached. I'm personally probably not gonna like the deal, but its better than nothing and is a start if only a debt ceiling agreement was put into this bill as welll. All in all its a good thing that a deal was reached.

anatta · Dec 10, 2013

fr: OP

But it doesn’t raise the debt ceiling, which Congress must address sometime next spring. And it’s far from a grand bargain that overhauls entitlement programs or the tax code — an approach the negotiators refused to entertain for fear of getting bogged down.

it's a small deal, I suppose better then sequestor, although I was fine with a bunch of DoD cuts.

We'll see if anything writ large comes of it -I doubt it, but at least I don't have to watch coverage of this anymore

Perotista · Dec 10, 2013

TheDemSocialist said:
Read more: Budget agreement reached - John Bresnahan and Jake Sherman - POLITICO.com

Thank god a deal is reached. I'm personally probably not gonna like the deal, but its better than nothing and is a start if only a debt ceiling agreement was put into this bill as welll. All in all its a good thing that a deal was reached. [/FONT][/COLOR]

I agree, I watched their press conference and it seems neither side really likes and neither side hates it. So without having looked into the details, it sound like it is a reasonable deal, at least for this congress. The debt ceiling needs to be raised in February. Perhaps this is the first step for both parties to get off their high horses and to start to address this nations problems. Time will tell. But somehow I doubt it.

Budget agreement reached

TheDemSocialist

Gradualist

anatta

Perotista

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