Likely Budget Deal Increases Spending, But Spares Social Security

The budget deal that is headed toward passage increases spending, but does not touch Social Security.  According to news accounts of the impending deal, the budget agreement calls for a $63 billion increase in spending this year and the following fiscal year, coupled with $85 billion in deficit reductions over the next 10 years.  The deal also allows increases in domestic and military spending.  While seniors can rest assured that their Social Security benefits will not be affected by the deal, those who are concerned about fiscal responsibility should be worried.  It only took one year for Congress to do away with the Budget Control Act and cost controls implemented on discretionary spending.  At a time with a $17 trillion in national debt more attention needs to be paid to putting our country back on a path to fiscal responsibility.  In total, the legislation boosts the amount of discretionary spending from $1.012 trillion this fiscal year and $1.014 trillion in the fiscal year beginning Oct. 1.

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