Democrats’ “Balanced Budget” Still Results in Huge Deficits

If you were to ask Senate Democrats if they’re in favor of a balanced budget, they would give you a resounding, “Absolutely.” So then, why is it that their $3.7 trillion budget, their first in 4 years, doesn’t balance the budget at all?

It does according to them. They’re just equivocating on the word “balance.” They’ll acknowledge that their budget doesn’t balance out numerically, but it was crafted with a “balanced” approach.

In other words, they made sure they balanced all their “spending cuts” with plenty of taxes. Almost a trillion dollars in taxes. Even CNBC points out that their “balanced” approach to fiscal matters still results in big budget deficits:

 “The Senate plan, in contrast, includes $100 billion in upfront infrastructure spending to stimulate the economy and calls for special fast-track rules to overhaul the tax code and raise $975 billion over 10 years through legislation that could not be filibustered. Even with that tax increase and prescribed spending cuts, the Senate plan would leave the government with a $566 billion deficit in 10 years, and $5.2 trillion in additional debt over that time.”

 Republican Jeff Sessions, the ranking member of the Senate Budget Committee, probably has a more accurate assessment of the Senate’s budget plan:  “The Senate budget increases taxes, increases spending and adds $7.3 trillion to our debt. It has zero real deficit reduction.” The House plan would have a real balanced budget in 10 years.

The Democrats don’t care one bit about the debt. To them, there is no debt crisis, and we’ll never run out of money, because the Fed will always be there to create money for us. We’ll always have an endless supply of debt-based currency. Their aim is to make government as big as possible.

Even the Republican plan takes 10 whole years to finally tackle not the debt problem, but the budget deficit problem. Even assuming the House budget plan passed, who knows how closely the government will adhere to it?

Their doublespeak with the word “balance” is just like how they define spending cuts. Cuts in proposed increases still result in increased spending, but they call them “spending cuts.” And now, they’ve coined another one. Their “balanced” budget doesn’t balance the budget at all. They don’t even claim to actually balance the budget, because they don’t care about the deficit. But it addresses taxes and spending in a balanced way. Get it? How clever of them.