Not intentionally, of course, but the do-nothing Congress actually has done quite a lot


Molly Ball makes an INTERESTING POINT:

[T]he ironic thing is that, by virtue of its very do-nothingness, the do-nothing Congress got a big thing done. First, in the fiscal-cliff deal struck around the new year, wealthy Americans’ income-tax rates went up, a policy change long sought by the president and his party. Then, in March, the budget ax known as sequestration fell, chopping $1 trillion from federal spending over the next decade—a cherished goal for fiscal conservatives.

More revenue plus less spending equals a lower deficit. A much lower one. Richard Kogan, a senior fellow at the Center on Budget and Policy Priorities, estimates that these changes, combined with the domestic-spending caps imposed by the 2011 debt-ceiling deal (and counting savings on interest), will reduce the deficit by $3.99 trillion through 2023. That’s enough to stabilize the U.S. debt-to-GDP ratio, meaning that the debt will no longer be growing faster than the U.S. economy. In short, the deficit has been tamed.

That’s not to say Congress did it on purpose. The fiscal-cliff and sequestration changes were essentially automatic, forced on obstinate lawmakers by triggers and expiration dates that were built in to idiot-proof the legislative process. “The deficit is being reduced through a series of missed opportunities, nonsolutions, and bad policy,” Kogan says. “But the budget result, in aggregate, is not so bad.”


1 Comment

  1. expdoc

    You will not be shocked to know I think you are wrong. I think the “do-nothing” viewpoint is exactly the appearance Congress, and to a lesser degree the President, wanted to portray.

    They knew that taxes needed to be raised in some fashion and that the budget was also needing to be trimmed. Rather than specifically doing these things they got them to happen “automatically” so that nobody could really be blamed for what happened.

    Modern American political leadership at it’s finest.

Leave a Reply

Your email address will not be published. Required fields are marked *