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Thursday, November 4, 2010

The GOP Reneges on Promises of Huge Spending Cuts

Except for the Senate, the Republicans have complete control of the House. While the Tea Partiers are stoked over their newly-backed GOP congressional line-up and its "pledge" to "pare down" federal spending, "balance" the federal budget, and "slashing" the federal deficit, their enthusiasm for the new Congress after last night's election results will be short-lived.

House Republican leader Eric Cantor of Virginia, who's poised to become the next House Majority Leader and with congressional Republicans flocking to his side, has gone on record saying that his conservative colleagues and he will be pursuing "across-the-board" cuts in "discretionary spending" and cuts in the state's payroll. He has come out noting that he wants such spending levels pared down to 2008 levels not excluding defense, which is nonsensical because the GOP, especially prior to Election Day, has been vague on specifics on the budget, aside from talks about "saving" taxpayers $100 billion a year (which is meaningless). After all, Cantor has shown no interest in gutting discretionary spending at all, before and after the elections. (The GOP's only achievement so far is the push of a spending cap that would cut the outlay by $20 billion as opposed to what Obama wanted, but talk is cheap in the political scheme of things.)

Discretionary spending is a form of outlay that Congress authorizes by "appropriating" (stealing) taxpayer monies every fiscal year. This is separate from "mandatory spending" - another outlay specifically set (by default) to allocate stolen taxpayer funds to the entitlement programs for retirees and needy who are dependent on and can't live without their Medicare, Social Security, and food stamps.

Most Americans are not aware that discretionary spending (and this is what the two major parties don't want them to know) only accounts for approximately 33 percent of the entire federal budget. This translates into meaning that the GOP is only interested in a that minute amount of spending. They are set only on those cuts, the GOP pledging that military (defense) and "homeland security" spending are off-limits notwithstanding. So much for the "huge spending cuts" that the Republicans promised the Tea Partiers throughout the election year.

In other words, the GOP has just reneged on their promises of huge spending cuts - promises to which they made to the Tea Partiers. Their so-called referendum against Obama has, for all intents and purposes, gone up in smoke.

With all of this in mind, the only message that one can deliver to the Tea Partiers is this: don't you feel better now that the Big Statist Republicans whom you passionately and excitedly elected have your best interests at heart?