Congressional leaders have reached a spending framework deal to potentially avoid a government shutdown, setting defense funding at $866 billion and non-defense spending at $704 billion for the fiscal year.
The deal, while not satisfying everyone, includes cuts to IRS funding and COVID-era spending.
President Biden views the agreement as a step toward preventing a shutdown and protecting national priorities. (Trending: U.S. State Passes Personal Pronoun Ban)
It’s even worse than we thought.
Don’t believe the spin. Once you break through typical Washington math, the true total programmatic spending level is $1.658 trillion — not $1.59 trillion.
This is total failure. https://t.co/QBok5lpa6E
— House Freedom Caucus (@freedomcaucus) January 7, 2024
“While these final spending levels will not satisfy everyone, and they do not cut as much spending as many of us would like, this deal does provide us a path to: 1) move the process forward; 2) reprioritize funding within the topline towards conservative objectives, instead of last year’s Schumer-Pelosi omnibus; and 3) fight for the important policy riders included in our House FY24 bills,” Johnson said.
Biden noted that it would help in preventing “needless government shutdown and protecting important national priorities.”
“It reflects the funding levels that I negotiated with both parties,” he added.
“It’s even worse than we thought. Don’t believe the spin. Once you break through typical Washington math, the true total programmatic spending level is $1.658 trillion — not $1.59 trillion. This is total failure,” the Freedom Caucus wrote.
“Discretionary spending isn’t driving budget deficits and debt. That’s a fact. The Congressional Budget Office projects that discretionary spending as a percentage of GDP will be lower in FY 2024 than it was in FY 1996,” FreedomWorks President Adam Brandon wrote.
“Projections are that discretionary spending will continue to tick downward over the next decade. Trust fund programs and interest on the share of the debt held by the public are what’s driving deficits and debt and, ultimately, what’s pushing America into a sovereign debt crisis.”
“We need Congress to begin focusing on solutions to that crisis rather than nibbling around the edges by arguing over discretionary spending, which amounts to a little more than a quarter of federal outlays. Speaker Johnson promised a fiscal commission when he took the gavel in October.”
“We’re still waiting to see movement on that. This is a crisis that needs to be taken seriously, and we hope legislation to establish a fiscal commission becomes a top priority in the coming weeks.”
However, the Freedom Caucus criticized the deal, arguing that it does not make significant spending cuts and calls for a focus on addressing the sovereign debt crisis.
“Unfortunately, members of the House and Senate have done little to force a course correction from this calamity. Indeed, many have been party to it,” The Freedom Caucus wrote.
“Worse yet, we are extremely troubled that House Republican leadership is considering an agreement with Democrats to spend even higher than the modest $1.59 trillion statutory cap set six months ago by the Fiscal Responsibility Act, and to obscure the actual spending numbers with more shady side deals and accounting tricks.”
“This is totally unacceptable.”
“As Congress negotiates FY 2024 government funding, Republicans must truly reduce programmatic spending year-over-year from the enacted FY 2023 level, and end the use of disingenuous gimmicks to conceal from Americans the real spending harm being perpetrated by their elected representatives. Anything less represents more failure and suffering for the American people.”
“Republicans promised millions of voters that we would fight to change the status quo, and it is long past time to deliver,” they added.
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