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Will America Benefit from The GOP Budget Deal?

This spending bill is bad for America

Actually, it's good for the economy

 Getty: Chip Somodevilla / Staff

The budget resolution of the Republican-held Congress will balloon America’s deficit and flies in the face of conservative and limited government ideals, argues Republican Senator Mike Lee in The Daily Signal. A two-year budget cap was passed, which will drive the country’s deficit to $1.2 trillion. This goes against the values of the Republican Party, which has always preached fiscal conservatism. Additionally, the bill gives $17 billion in tax loopholes to special interest groups, such as rum producers and racehorse investors. It has made a real spending deal passing in 2018 very unlikely. Congress has shown that it doesn’t care about its voters’ beliefs.

Keep on reading at the Daily Signal

Critics of the Republican-led spending bill misunderstand that it is necessary in the current economic climate, suggests David Dayen of the New Republic. While a bigger deficit sounds bad, it’s not necessarily bad for the country. Unnecessary spending cuts, like the ones seen in 2013, hurt the people that rely on said spending, which tend to be poorer and more vulnerable people. The cuts of 2013 resulted in the least public investment since the 40s, fueling inequality. The current deal gives the left and the right what they wanted. While higher spending on the military, for example, wasn’t necessary, this bill will benefit the American economy.

Keep on reading at the New Republic
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