While most Americans were sleeping last Friday morning, a Republican-controlled Congress passed one of the worst budget agreements in the entire history of our nation.
This deal drives a stake in the heart of the Budget Control Act of 2011, which was one of the few victories of House Republicans, and will return America to the shameful territory of $1 trillion deficits, perhaps as soon as next year. This spending deal busts the spending caps by $296 billion over the next two years and suspends the debt ceiling through the rest of the year. And as if all of this isn’t enough, it throws away budget reconciliation for this year, our only tool to finally repeal Obamacare and enact meaningful welfare reform, due to reconciliation’s diminished threshold for passage to 51 votes.
