The media will gush for the GOP leadership’s budget deal with the Democrats. Basically, two years ago, they agreed to raise the debt ceiling $2T in exchange for long term cuts of an equal amount. Since a deal on the breakdown of those cuts could not be reached, those cuts came in the form of sequester that applied across the board. Obama made sure the butcher knife landed unevenly and painfully, and whiny bureaucrats, contractors, and other assorted hangers-on all screamed that this very modest cut to budget growth was somehow an augery of the end times. The media went into overdrive with sob stories about sequestration. Now it’s all over, but the major fiscal crisis was just again averted for two years, and now, instead of cuts, we’re getting more taxes.
All this praise for bipartisanship is from the enemies of fiscal responsibility and the fans of technocratic, redistributionist big government. Corporate welfare cases like the defense contracting community are in on the act too. Collectively, they do not take our spending culture, demographic problems with entitlements, or insanely high tax bills seriously. Saddest of all, Paul Ryan, of whom I was an erstwhile fan, had a lot to do with this thing.