Senate Democratic budget - FAIL
I could leave it at that, but the topic deserves serious consideration, so I'll tell why both budgets are rotten, and thereby do more honor to budgeting than either party did. The GOP budget is a return of the usual Ryan chicken scratch. If this budget was a TV character, it would be wandering around dazed and with amnesia, unaware that it was rejected in the 2012 election. It contains all the usual Ryan touches: repeal of Obamacare, block-grants in place of Medicaid, and voucherizing Medicare ten years from now. Yawn. No, wait, I think they dropped the additional tax cuts for "job creators." So maybe there's only pervasive amnesia.
The Democratic budget is fairly similar to Obama's budget of 1.5 years ago, but with less stimulus spending--only $100 billion instead of $400B. The Dems are feeling their oats after the election win so the ideal balance is no longer 1/3 tax increases to 2/3 spending cuts. Instead it's 50/50. But in fact, there are no spending cuts, just slower spending growth. The deficit eventually slims down below 3% of GDP, but only if growth is significantly robust. In fact, the spending grows on average 4.7% per year, so we better have strong growth, or we'll have some mighty large deficits.
Of course, we don't really have to worry about the Dems spending as much as they say in their budget. It's as likely to pass as the GOP version. They are both losers, dead-on-arrival partisan toilet paper. We are on track to follow the prediction I made early this month--a status quo Continuing Resolution. Bigger yawn.
I think I'll take a nap for a few years, then wake up and see if the same predictable fake budgets are walking around like unfulfilled specters haunting the Capitol. Then I'll vomit.
Extra. The WSJ sugar-coats the Ryan budget and invents a new euphemism for a Medicare voucher system:
"The idea is to revamp Medicare's benefits and premium structure so these relics from 1965 work like normal insurance and give seniors the incentive to take a larger role in their own care."Yes, I'm sure that medical insurance for seniors can be just like auto insurance. That will totally work.
And good news of just desserts. Obama's approval rating is considerably lower, especially with independents. I interpret this as unhappy moderates (like me).