Yes, the Tea Party movement influenced what went on in Washington.
No, the Tea Party is not the winner. (No one won.)
No, this debt deal wonât guide the government off the road toward bankruptcy. Hereâs why.
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No Entitlement Fix: In fact, it appears that entitlements arenât touched. Entitlements are the nationâs spending problem. Not roads and bridges, not the military. Entitlements. Until we arrest and reverse growth in Social Security, Medicare, and Medicaid, weâre spitting in the ocean.
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Military Spending Wonât Be Cut: Remember the âpeace dividendâ after the Berlin Wall fell? Then Saddam invaded Iraq. Obama and the Dems know damn well that Republicans will forgive them for ignoring planned military cuts as soon as some threat appears on the horizon. And thereâs always a threat. These cuts, if implemented, will be quickly reversed.
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Cuts Are Someone Elseâs Problem: The cuts donât start until we have a new Congress and a new President. Thatâs asking a future generation to fix yesterdayâs problems. Thatâs cowardice and irresponsibility. And itâs perfectly Establishment.
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Wonât Save Credit Rating (Unless Moodyâs Was Lying): Moodyâs reported on Friday that none of the proposed bills would solve the nationâs long-term debt problem. If weâre going to lose AAA, why not use that trauma as the impetus for real financial reform? Instead, weâre kicking the can down the road to save the President and Establishment Republicans.
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Favors the Establishment: Most importantly, this bill demonstrates the problem with Establishment politicians: theyâre first duty (they believe) is to their next election. Boehner abandoned his partyâs principled members and crafted a deal to win over some Democrats. That might protect him and Obama. The taxpayerâespecially Millennials and youngerâget screwed.
Question the Establishment, kids. It is not your friend.