Members of the Tea Party movement need to be prepared for some serious disappointment. News reports have emerged indicating that “dollar for dollar” cuts to spending promised as part of a grand bargain to increase the debt ceiling may be pro-rated over 10, 20 or even 25 years. It is easy for politicians to promise future cuts to spending when many of these politicians cutting the deal will be long gone from Washington, D.C.
Vice President Joe Biden is leading “bipartisan” negotiations on a comprehensive deal to increase the debt limit. These negotiations include four other Democrats and two Republicans. The AP reports that Democrats are pushing for tax increases as part of the deal. If tax increases are not included in the deal, conservatives should not be deceived because it may only be a bone that negotiators throw to conservatives to buy a massive increase in the debt ceiling.
What options would make the Tea Party movement and conservatives happy? Many ideas are on the table. The most promising idea is a plan to Cut, Cap, and Balance presented by the House Republican Study Committee.
It is immoral for us to kick the fiscal can down the road for our children to pay when we can do something about the money problems now.