18.02.07 Budget Deal

February 7, 2018
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Senate Reaches
Budget Deal

A look at the deal ahead of final votes:

  • Avoids shutdown…for now.
  • Raises spending on infrastructure, defense, opioid epidemic, healthcare, & disaster relief.

WHY IT MATTERS:

  • Gov’t funding runs out at midnight on Thursday (2/8).
  • Stops automatic gov’t spending cuts (aka “sequester”).
  • Raises gov’t borrowing limit until March 2019 (after this year’s midterm elections).
  • Deal is a rare display of bipartisanship in Congress with each side getting a little $omething.

Who Likes The Deal:

  • Those who believe this type of increased government spending is a wise investment.
  • Includes: The White House, Pentagon, Repub/Dem lawmakers.
“I’m happy to announce that our bipartisan, bicameral negotiations on defense spending and other priorities have yielded a significant agreement.”



Sen Mitch McConnell (R-KS) Senate Majority Leader: Highest Ranking Republican in Senate

Who Doesn’t Like The Deal:

  • Small gov’t conservatives i.e. Tea Party Republicans concerned about rising debt and “Big Gov’t.”
  • Democrats who want immigration reform attached to the bill, like House Minority Leader Nancy Pelosi.
  • Anti-Debt advocates
“This budget deal shows just how broken the budget process is a that Congress thinks the only way to agree to a budget is to put hundreds of billions of dollars on the nation’s credit card. “

Maya MacGuineas, President, Committee for a Responsible Federal Budget (non-partisan/non-profit)

Why Government Spending/Budgets Matter:

America’s Debt

$20 Trillion & Rising

See It For Yourself: Click Right Here

Budget Deal

  1. Debt Clock: http://www.usdebtclock.org/
  2. Senate celebrates budget deal _ but shutdown still possible
  3. Budget Deal Will Bring Back Trillion-Dollar Deficits and Could Ultimately Add More Than $1.5 Trillion to the Debt
  4. Right revolts on budget deal
  5. What is in U.S. Senate deal on spending, debt ceiling
  6. Pelosi sets record for longest speech in House history

by Jenna Lee,

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