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Warner, Kaine and Comstock agree—new budget is a good deal for Virginia

Photo By/Trevor Baratko
Loudoun’s U.S. lawmakers are applauding the new two-year federal budget designed to help the nation avoid an immediate fiscal crisis and -- especially important to Northern Virginia -- lift more than $80 billion in sequestration cuts.

The spending plan, approved by the House Wednesday and the Senate early Friday morning, lifts debt ceiling restrictions through March 2017 and pushes any potential budget stand-offs past next year’s presidential and congressional elections.

Without the new deal, the federal government was expected to run out of funding for its obligations the first week of November.

Democratic Sens. Mark Warner and Tim Kaine and Republican U.S. Rep. Barbara Comstock, all of whom voted in favor of the deal, share the view that the new deal provides long-desired certainty to the markets and business leaders.

“The agreement is not perfect -- that’s the nature of compromise,” Kaine, a strong proponent of two-year budgeting, said. “But this compromise is a dramatic improvement over a government debt default, across-the-board budget cuts and crisis budgeting.”

Speaking to the Times-Mirror, Kaine and Comstock struck similar tones in proclaiming the world is a vastly different place than it was in 2011, when the mandatory across-the-board cuts known as sequestration were drawn up.

Comstock said the spending plan, formally called the Bipartisan Budget Act of 2015, provides stability for both military and federal employees -- all without raising taxes or adding to the annual deficit.

The new budget increases military spending by $40 billion over the next two years.

“The sequester has indiscriminately hurt our national defense and military readiness,” Comstock said. “America continues to face precarious and dangerous international challenges while our military has suffered from across the board and dangerous budget cuts these past few years.”

The BBA of 2015 does not raise income or payroll taxes. Half of the $80 billion in sequestration relief goes toward defense spending, while the other half is sent to discretionary programs. An additional $30 billion goes toward to the Overseas Contingency war fund for the next two years.

The increased spending levels are paid for through cost-savings found within Medicare and Social Security and several other revenue-generators, according to lawmakers.

Opponents of the budget, mostly fiscal hawks and conservative Republicans, say the plan allows unlimited spending for two more years and does nothing to combat the nearly $19 trillion federal debt.

Republican presidential candidate and Sen. Ted Cruz of Texas said the budget is "a corrupt betrayal of the American people."

"Republican majorities have just given President Obama is a diamond-encrusted, glow-in-the-dark AmEx card," Cruz said in a statement. "And it has a special feature. The president gets to spend it now, and they don’t even send him the bill. They send the bill to your kids and my kids. It’s a pretty nifty card. You don’t have to pay for it. You get to spend it and it’s somebody else’s problem.”

While the budget sets spending levels through fiscal 2017, the money will still have to be approved through appropriations bills.

For federal contractors keeping an eye on the government's wallet, the new deal provides billions more in sequestration relief than the 2013 budget deal.

Following word of the deal brokered between Congressional leaders of both chambers, Sen. Warner said it was “day of sanity after months of irresponsibility.”

President Barack Obama this morning said he'll sign the deal as soon as it reaches his desk.


Comments


Here we have a woman telling us this trillions dollar budget is good for us yet when she is caught not reporting 85,000.00 dollars in earnings it’s time to amend her forgetful ways 2 years after the fact.


You have to Laugh at Laugh don’t you. A establishment republican or a rino will and does not represent me and mine. The alternative to Comstock was worse if that is possible. Fred has gone for the hyperbole and is one of the uninformed voters or he has a chemical imbalance or he has rose colored glasses or he has been imbibing or he needs more schooling. Comstock has voted for AMNESTY and a increased DEBT, understand! Nothing is redeeming about her, hopefully everyone ia aware of her votes and she’ll never get re-elected again, Stone!


There’s little wonder why outside candidates like Trump and Carson are doing well.  Comstock is turing out to be just like the rest of the establishment.  We need to stop the insanity from the Left and Rinos.  We’ll primary her out is she doesn’t do the job.


Comstock is doing just fine. Everybody needs to realize that all spending originates in the Congress and the President has zero involvement in that process besides an approval/denial once it’s done. Last I checked the GOP controls the House and Senate, so if anybody is responsible for excessive spending, it’s not the Democrats.

Hopefully with this 2yr reprieve, my fellow Republicans can get back to how budgeting should be done. In a House Committee, voted on by the House, The Senate, and signed by the President.


Comstock is and will be a fool for the democrat spendaholics.


It really is interesting to watch the attacks against Congresswoman Comstock, from her own party members here in Loudoun County, and especially in the Lovettsville area.  I bet this will be just another thing that she will be attacked over.  I guess it really is true, republicans eat their own.

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