Much as the presidency of Barack Obama resembles that of Jimmy Carter, we are not in 1978. Our nation is at a tipping point and our fiscal situation is bleak. Today, we have a projected $1.65 trillion deficit. $61 billion is a mere drop in the bucket of red ink our nation is piling up literally by the minute.
Today, multiple $2 billion bites at the apple are woefully insufficient for the times we live in. Yet, according to Politico, Speaker John Boehner (R-OH) and Senate Minority Leader Mitch McConnell (R-KY) “are considering pushing forward a series of short-term continuing resolutions with targeted spending cuts that would be difficult for Democrats to oppose.”
Getting the $61 billion in cuts is an important trust-building measure between the American people and Washington – and the tea party activists and the Republican Party – since neither Washington nor Republicans have any credibility after the last ten years on the issue of spending. It is not, however, the only policy battle we must win this year.
Shortly, House Budget Chairman Paul Ryan (R-WI) will release the Republican budget for fiscal year 2012. It is vital this is a bold budget and conservatives must fight for boldness in the appropriations battles that will follow.
Sometime this spring, there will be a fight over whether to raise the debt limit. Conservatives must fight to have transformational policies attached to any legislation which raises the debt limit. Einstein’s definition of insanity is doing the same thing over and over again while expecting a different result. We cannot have another clean increase of the debt limit this year, which would be the sixth such increase in the last four years.
A series of short-term continuing resolutions with targeted spending cuts risks sweeping away all of these subsequent fights. What possible reason is there to believe Republican leadership will stand firm on demanding transformational changes to spending are attached to a debt limit increase if Senate Democrats are claiming this position will simultaneously lead to a government shut down and default on America’s debt?
If Republicans blink now, why would a tea party activist who worked so hard in 2010 to give them another chance to be relevant in Washington not believe they will fold again and again down the road?