Tomorrow, I’m pleased to announce that the Washington Monument, as well as the entire federal government, will be open for business. And that’s because today Americans of different beliefs came together again.
In the final hours before our government would have been forced to shut down, leaders in both parties reached an agreement that will allow our small businesses to get the loans they need, our families to get the mortgages they applied for, and hundreds of thousands of Americans to show up at work and take home their paychecks on time, including our brave men and women in uniform.
All those government office are open on the weekend? Really?
This agreement between Democrats and Republicans, on behalf of all Americans, is on a budget that invests in our future while making the largest annual spending cut in our history. Like any worthwhile compromise, both sides had to make tough decisions and give ground on issues that were important to them. And I certainly did that.
Oh yes, indeed, Mr. Obama. You and the Dems certainly did give ground. But what, exactly, did the Republicans give up? Not a damned thing as far as I can tell. From Boehner’s office:
Here are some key facts on the bipartisan agreement:
- THE LARGEST SPENDING CUT IN AMERICAN HISTORY. The agreement will immediately cut $38.5 billion in federal spending – the largest spending cut in American history in terms of dollars – just months after President Obama asked Congress for a spending “freeze” that would mean zero cuts.
- HUNDREDS OF BILLIONS IN SPENDING CUTS OVER THE NEXT DECADE. The agreement will cut hundreds of billions of dollars from the federal budget over the next decade – “real money,” as the Wall Street Journal editorial board recently noted.
- OFFICIALLY ENDS THE “STIMULUS” SPENDING BINGE. The agreement begins to reverse the “stimulus” spending binge that began in 2009 – signaling the official end of a period of unprecedented government intervention that former Federal Reserve Board Chairman Alan Greenspan and other economists say hurt job creation in America by crowding out private investment.
- SETS STAGE FOR TRILLIONS MORE IN SPENDING CUTS. Clears the way for congressional action on House Budget Committee Chairman Paul Ryan’s budget – The Path to Prosperity – which cuts trillions in spending and offers a long-term blueprint for American job creation.
- GUARANTEES SENATE VOTE ON REPEAL OF OBAMACARE. The agreement reached with Senate Democrats guarantees a Senate debate and vote on legislation that would repeal President Obama’s government takeover of health care in its entirety. The House passed such legislation in January as part of the Pledge to America.
- NEW TOOLS IN THE FIGHT TO REPEAL OBAMACARE. The agreement will generate new tools for the fight to repeal Obamacare by requiring numerous studies that will force the Obama Administration to reveal the true impact of the law’s mandates, including a study of how individuals and families will see increased premiums as a result of certain Obamacare mandates; a full audit of all the waivers that the Obama Administration has given to firms and organizations – including unions – who can’t meet the new annual coverage limits; a full audit of what’s happening with the comparative effectiveness research funding that was in Obamacare and the president’s failed “stimulus” spending bill; and a report on all of the contractors who have been hired to implement the law and the costs to taxpayers of such contracts.
- DENIES ADDITIONAL FUNDING TO THE IRS. The Obama administration has sought increased federal funding for the Internal Revenue Service (IRS) – money that could be used to hire additional agents to enforce the administration’s agenda on a variety of issues. This increased funding is denied in the agreement.
- GUARANTEES SENATE VOTE & DEBATE ON DE-FUNDING PLANNED PARENTHOOD. The agreement with Senate Democrats guarantees a Senate debate and vote on legislation that would end federal funding for Planned Parenthood.
- BANS TAXPAYER FUNDING OF ABORTION IN THE DISTRICT OF COLUMBIA. The agreement includes a complete ban on local and federal funding of abortion in the District of Columbia, applying the pro-life principles of the Hyde Amendment (“D.C. Hyde”).
- MANDATORY AUDITS OF THE NEW JOB-CRUSHING BUREAUCRACY SET UP UNDER DODD-FRANK. The agreement subjects the so-called Consumer Financial Protection Bureau created by the job-destroying Dodd-Frank law to yearly audits by both the private sector and the Government Accountability Office (GAO) to monitor its impact on the economy, including its impact on jobs, by examining whether sound cost-benefit analyses are being used with rulemakings.
If the Republicans didn’t get everything today, they’ll get it in the next couple of weeks. Cuts now and votes later to get the rest of their wish list.
Some of the cuts we agreed to will be painful.
Painful for who? Not you. Not any Senator. Not a single Representative.
Programs people rely on will be cut back.
And for this all of you should be ashamed.
Needed infrastructure projects will be delayed.
Eh, what’s another bridge or two falling down? Or a levee failure. No big deal.
And I would not have made these cuts in better circumstances.
In better circumstances the American people wouldn’t be needing these programs, now would they?
I want to think Speaker Boehner and Senator Reid for their leadership and their dedication during this process. A few months ago, I was able to sign a tax cut for American families because both parties worked through their differences and found common ground. Now the same cooperation will make possible the biggest annual spending cut in history, and it’s my sincere hope that we can continue to come together as we face the many difficult challenges that lie ahead, from creating jobs and growing our economy to educating our children and reducing our deficit. That’s what the American people expect us to do. That’s why they sent us here.
” . . . the same cooperation . . . “
Is that what they’re calling extortion these days?