Cato Institutes Michael Tanner lays out a battle plan for Republicans. Mr. Tanner mentions war hawk Senator John McCain. McCain never saw a nation building exercise he did not like. He most often has been proven out of touch and wrong. Republicans would be wise to pay zero attention to McCain war whoops.
Save the sequester: The Democrats’ reverence for “settled law” evaporates when it comes to the sequester, a law duly passed by bipartisan majorities in both houses of Congress and signed by the president. Repealing the sequester’s mandated spending cuts is likely to be the Democrats’ No. 1 priority in budget negotiations. Already, Obama has promised to “keep fighting to get rid of” the law, saying it’s “hurting our military and our economy.”
Moreover, Democrats may find allies in this fight among Republican defense hawks, who object to cuts in military spending. John McCain, for example, has said that “some of us Republicans and Democrats are meeting about” undoing the law, “particularly those who are deeply concerned about the effect on defense.”
Some Republicans have other priorities: Even Paul Ryan has suggested that he might be willing to trade sequester changes for promises of future entitlement cuts.
We should be clear: The sequester hasn’t actually cut spending. Even if we preserve it, spending in 2023 will still be higher than it is today. But it has reduced spending growth well below previously projected baselines. In fact, without the sequester, discretionary spending will be $87 billion higher in 2023 than it’s projected to be with the law still in effect. The sequester will ultimately save taxpayers some $1.1 trillion over ten years, through lower discretionary spending and reduced interest payments. By slowing the growth of spending to a rate that’s below the growth of the economy and revenues, the sequester is helping to shrink both the deficit and the size of government as a share of GDP.
Across-the-board cuts may not be the most elegant method of budgeting — and some greater interagency budget flexibility may be desirable — but reversing or weakening the sequester will open the floodgates to much more federal spending. Republicans must fight to preserve it.
Latest posts by Richard C. Young (see all)
- Is America Now in a Deadly Pre-Civil War Mode? - February 24, 2017
- Does a Massive Military Need a New Spending Increase? - February 23, 2017
- The Three Greatest Presidents are Easy, Then It’s a Battle - February 22, 2017