The Budget Deal

Well, something really did happen on the way to the Mueller Report. Congress struck a budget deal that is a mini-version of the grand bargain Democrats are always all too willing to cut with Republicans, but this time it worked and is likely to have positive consequences and set the scene for other constructive legislative initiatives, though not at least until the congressional elections this November. The budget deal has been much criticized. People on the Right say that it does away with any shambles of the idea that Conservatives are interested in fiscal austerity, and people on the left suggest that the deal just shows what hypocrites are the deficit hawks, who now show themselves willing to bust the budget just so long as they have very recently taken care of the need to give tax cuts to their financial backers. Consider, instead, what the budget deal does accomplish in the way of re-introducing some rationality into the budget process.

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