December 13, 2013
The short answer: no.
The deal, negotiated by Rep. Paul Ryan (R-WI) and Sen. Patty Murray (D-WA) and passed yesterday by the House of Representatives, increases spending and debt without advancing major conservative priorities.
Earlier this fall, Heritage Foundation experts said the budget talks were an opportunity for real fiscal reform:
A budget conference presents a rare opportunity to address the U.S. government’s key fiscal challenges. During this process, it is important to recognize some key principles that are necessary for a good outcome and for a prosperous American future. However, no deal is far preferable to a bad deal.
And unfortunately, this was a bad deal. It busts through spending caps and increases taxes and spending. According to Heritage’s Romina Boccia, a better deal would:
- Leave out tax increases and avoid changes to tax policy;
- Stop the unaffordable subsidies and Medicaid expansion of Obamacare, in order to ultimately stymie future debt;
- Structurally reform entitlements;
- Enforce lower levels of spending.
Do you think this was a good deal?