Washington is obsessed by picking winners and losers. But the establishment media has the story all wrong again. The Republicans, they say won this skirmish over debt. But actually Republicans displayed a total lack of commitment to their principles.
The only winner in the "Budget Control Act of 2011" is massive government and the Washington bureaucracy it feeds with your money.
We are embarrassed for Republican members of Congress who go out with a straight face and talk about how they controlled spending when they voted to increase the debt limit by between $2.1 and $2.4 trillion, the biggest explosion of debt in American history.
In reality, the bill as Rep. Tom McClintock (R-CA) points out, "allows the government to avoid spending reductions for the next two years while squandering our last best hope of averting a sovereign debt crisis." This bill literally guarantees the economy will get worse, and the budget deficit will explode higher.
As a Republican State Senator in California, McClintock predicted, and fought against the policies that have bankrupted Sacramento and has now taken his crusade to Washington DC. He exhorted his colleagues to see reality, giving excellent reasons he voted against the Boehner/Obama bill: "The purported cuts, even if realized, are far below the $4 trillion deficit reduction that credit rating agencies have warned is necessary to preserve the Triple-A credit rating of the United States government; it blows the lid off the House budget passed in April by more than a half-trillion dollars over ten years; it makes no significant spending reductions for at least the next two years, essentially freezing spending at an unsustainable level."
McClintock further explained, saying, "While the debt increase occurs this year, significant spending cuts aren't to be made for many years and can be ignored or reversed by future acts of Congress; the spending caps are easily circumvented by declaring appropriations to be an emergency, a response to a 'major disaster,' or necessary for the 'Global War on Terror'; and the balanced budget amendment provisions are illusory because the amendment is completely undefined."
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