Everything You Need To Know About Bi-Partisan Budget Compromise in 2 min!

By: Ben Swann
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Ben Swann here, breaking down the new bi-partisan budget compromise by Republican House Budget Chairman Paul Ryan and Democratic Senate Budget Chairman Patty Murray.

The budget will avoid possible government shutdowns in January of next year and October of 2014 as well. How to accomplish this? Through compromise.


So here is what they are proposing. The big picture here, to reduce the federal deficit by $23 billion dollars over the next 10 years without raising taxes. President Obama praised the bi-partisan compromise, and yet, is it true that taxes will not be raised? Not quite.

The plan calls for raises in “fees”. Yes fees. So for instance, the plan reportedly calls for increases in higher airline fees, which if that is the case, is a tax.

But even so this bill is all about getting spending under control right?

Here is the best part. Remember in 2011 something called the Budget Control Act? you would probably remember it as the “Sequester”. Sequester cuts were set up to create automatic spending cuts balanced between cutting defense spending and domestic spending.

Part of the plan to reduce $23 billion dollars in spending over 10 years is to first do away with those pesky automatic sequester cuts to the tune of $65 billion dollars.

So when you hear all the discussion from media over the next few days about this issue, please, allow me to make this simple. The great bi-partisan budget compromise from Congressman Paul Ryan and Senator Patty Murray attempts to reduce the federal deficit without raising taxes but by charging taxpayers fees.

Ultimately, it will cut $23 billion dollars in spending over the next 10 years but will do so by increasing spending by $65 billion dollars right now.

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  • g.johnon

    them tricksters just never stop. hide your wallet, your children, your house and your food. the government is coming to help us.

    • Robert

      Hiding from the Statist Pigs is impossible these days.

      Hell they are even making it impossible to “go off the grid” with all the new regulations, taxes and fines on collecting rainwater, growing our own food supply, hunting and fishing.

      There will be no rest for those who want to simply live free and in peace from the government.

      They have reduced us to chattel and 53% of this country are simply fine with that, they are the Slaves to the State and they are 100% to blame.

  • MScott

    well, crap.

  • hookumsnivy

    Even if you were to ignore the increased spending and the new “fees” there is still a huge problem with this. $23 billion – WOW! That’s wonderful. It’s too bad the reported deficit for the 2013 fiscal year was over $750 billion! $23B of $750B is a whopping 3%. Everybody rejoice, they came up with a plan that ignore 97% of the problem.

    • Its over

      you forgot the over 10 yrs part. 0.3% (10yrs is $7.5 T new debt)

  • alabubba

    If you understand the term “Baseline Budgeting”, you will realize what a joke this is. Sad part is the joke is on us and its congress that’s laughing…

  • anarchobuddy

    It would seem that the big victory for Congress is getting rid of automatic cuts. At least we’ll get to avoid the drama of them pretending that the sequester is gutting the federal government. Hopefully.

  • hookumsnivy

    I wonder if the Democrats have the goods on Ryan and forced him to make this deal. More taxes (fees), more spending – everything the Republicans are against. All he got in return was a promise of a tiny deficit reduction – and we all know what promises are worth in Congress. The only perceived positive is that he can “compromise” and “make things happen” with the left. With this type of deal, his political career might be over.
    When the 2014 deficit exceeds the 2013 deficit, I wonder what the headline will be.

    • Mark Knox

      Say what? Paul Ryan is NOT the “budget hawk” the media makes him out to be. In his eyes, these are monumental cuts and FOX News will be applauding his efforts. Like alabubba mentions below, understand the term “Baseline Budgeting” and then come to a determination on whether there were any cuts, even in the “Romney/Ryan Budget”.

  • supersajin

    Who cares!! The ship is going down, at least lets party on the way down!!! The sooner the USD loses reserve currency status, the sooner we can rebuild a better system.

  • windywayer

    Somebody should do a report on the CAFR (Comprehensive Accounting Financial Report of the Corporation of the United States of America)…One would find that the Corporation brings in enough money every Year so that there is no need for Taxing the shareholders of the Corporation (US citizens.). Yet We do it……WHY?

    • charliehanna

      You are exactly right. The States and the Fed have all the money that we need. It is just “hidden” in plain sight within the numerous CAFRs. The political mafia at work … Let’s follow Iceland’s example, and kick out or arrest all elected criminals and big bankers. The deficit will then just disappear.

  • charliehanna

    When I heard Paul Ryan describe it on TV last night, it sounded like he was going to eliminate the $17 trillion deficit over ten years. If I got that impression, imagine what the ignorant Congress men and women will believe. You can be sure the MSM will make it sound good. Then the real conservative members will be chastised for not “compromising.”
    Let,s just stop the bulls..t and simply stop funding Obamacare and all other unconstitutional mandates. The House has that power. Then we will quickly eliminate the deficit. Then, if Obama wants to shut down the government, let it happwithout paying salaries afterwards.

  • hope101

    “John Boehner: Conservative Groups’ Reaction to Budget Deal Is ‘Ridiculous’ ”

    What is not ridiculous, apparently, is that the compromise will raise
    taxes, that they are not calling taxes. This much less ridiculous
    plan, will replace the more ridiculous one they passed in 2011 called
    the Budget Control Act which would have cut spending by $65 billion.
    This plan, that raises taxes and spending, they believe, eliminates
    the earlier ridiculousness that they wholeheartedly supported then.

    When I typed this is my word processor, the software wanted me to change
    Boehner to Boner. It is smarter than I thought.

  • LetsTryLibertyAgain

    I saw the flow chart for this.

    Step 1 – Spend more money now.
    Step 2 – ???
    Step 3 – Save $23 billion ten years from now.

    On some draft versions being circulated, step 2 was labeled “A Miracle Occurs Here”.

    Honestly, the Underpants Gnomes have a better clue than these feckless hucksters we know as 9% Approval Rating Congresscritters.

  • LetsTryLibertyAgain

    It sounds like this budget deal has a tax they’re calling a fee, just like Obamacare has a tax they called a fee.

  • LetsTryLibertyAgain

    I miss the good old days when our elected officials in Congress would lie and tell us they were going to balance the budget. Now, the promise of a balanced budget would have no credibility with anyone, not even the gullible voters.

    When you can’t even pretend to balance a budget, you’re done. That goes for people getting an earned income tax credit, all the way up to global empires. When you consistently run deficits, your days are numbered.

    Congress pretending to plan ten more years of trillion dollar deficits every year is a bad joke.

  • JoJo58

    Just remember and vote accordingly in November

  • Robert

    Let’s recap shall we?

    This “deal” increases our debt by over $7 trillion over ten years AND it raises taxes.

    Also,
    The Budget Control Act of 2011 established a spending level of $967
    billion for next year, this “deal” increases that by $60 billion.

    This
    is not a “deal” this is more of the same old spend and tax schemes the
    Statist Pigs have come to be so addicted to and their Slaves to the State
    have come to expect.

  • roast

    thanks ben! great – great times.

  • Ron Paul

    “Patty Hurry Up” and get this passed
    And
    “Paul Lying” this is not a tax

  • Ron Paul

    Maybe they could vote to raise their salaries again while there at it, because you know inflation is making it necessary.

  • g.johnon

    there is not a budget in the world that will ever work against a 17 trillion “dollar” debt unless it begins by removing the federal reserve note from the equation and properly denounces the debt for the fraud that it is.
    congressional song and dance routines are really starting to get tedious.
    this “government” should not be voted out, it should be in gitmo.

  • Chris D

    Christmas in washington is a time we can always always expect to be pummelfuc*ed

    • Average_Joe56

      Christmas Time in Washington

      The Supreme Court ruled there cannot be a Nativity scene in Washington, D.C. this Christmas. This isn’t for any religious or constitutional reason, they simply have not been able to find three wise men and a virgin in the nation’s capitol. There was no problem however finding enough asses to fill the stable.

      • Hotnike

        LOVE IT!!

  • Average_Joe56

    I liken supporters of the budget to the always hungry and perpetually broke J. Wellington Wimpy from the Popeye cartoons…..
    and it looks like J. Wellington Wimpy has made out like a bandit….yet again!

    …”We’ll gladly give you $23 billion tomorrow for $65 billion today”….
    We sure won’t ever have to worry about global warming, congress is the “Snow Job” that just won’t go away…….
    Break out the snow shovels…wait, I thought snow was supposed to be white…why is this snow brown?…oh, never mind….

    Sweet deal for the congress, the military Industrial complex and all of their “buddies”…not so much for the rest of us little people.

    If any of you folks still don’t get it….please refrain from voting, you aren’t intelligent enough to do so (just because you can fill in the little box with a No.2 pencil, doesn’t mean you are smart enough to vote). This is for both sides of the aisle… Drain the swamp folks……

  • LibertyChick

    I don’t trust Paul Ryan. He didn’t impress me as a VP candidate. He’s a RINO and will not move our country forward. Let’s get some true conservatives moved to the top as candidates in 2016…

  • terrorist96

    Ben, I really wish you would stop using these third-party trackers such as Magnify and Madmimi.

  • Hotnike

    WE THE PEOPLE are getting screwed again.