John Ransom

We make men without chests and expect of them virtue and enterprise. We laugh at honour and are shocked to find traitors in our midst. We castrate and bid the geldings be fruitful.- The Abolition of Man by C.S. Lewis

Now that the Congressional Budget Office has rescored the six-month budget deal that the GOP and the Dems entered into to avoid an unseemly government shutdown before election day, the GOP isn’t pleased.

That’s because the new budget numbers say that since spending was lower than projected in fiscal 2012 then spending has to be higher in 2013.

“CBO told House appropriators this week that government spending in 2012 is at a lower rate than anticipated,” reports the Hill, “making it clear that [the] deal on 2013 appropriations will increase spending by $8 billion.” [Editor’s emphasis]

And people say that Washington is broken. Ha!

Well thank God for Washington, DC.

Without DC budget wonks looking out for our best interest, the government might have saved taxpayers $8 billion.

Think of the lobbyists who might have been laid off.

And the great part is that these very same people have told us that Obamacare is going to trim $100 billion dollar from the deficit over a ten year period. They were off on spending by $8 billion over six months, but, nah…nevermind. 

And it’s not the cuts in Medicaid, nor the increase in taxes that will be responsible for Obamcare’s savings.

It’s Obamacare as a whole that’s the deficit reducer.

If only the program had its own theme music. Think how cool that would be.

Quick, notify the budget wonks. Theme music combined with a tax increase on all troops careless enough to serve overseas would really reduce the deficit as well. 

John Ransom

John Ransom’s writings on politics and finance have appeared in the Los Angeles Business Journal, the Colorado Statesman, Pajamas Media and Registered Rep Magazine amongst others. Until 9/11, Ransom worked primarily in finance as an investment executive for NYSE member firm Raymond James and Associates, JW Charles and as a new business development executive at Mutual Service Corporation. He lives in San Diego. You can follow him on twitter @bamransom.

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