Thursday, 12 December 2013

Budget compromise - Opposition from Republicans and Democrats

CLEVELAND, Ohio -- On Tuesday, U.S. Rep. Paul Ryan, R-Wis., and U.S. Sen. Patty Murray, D-Wash., announced a bipartisan budget deal that, if approved, will prevent another possible government shutdown in January. Top Republicans such as House Speaker John Boehner and Democrats such as President Obama and Nancy Pelosi are saying they will support the bill:
"This agreement makes sure that we don't have a government shutdown scenario in January. It makes sure that we don't have another government shutdown scenario in October," Ryan said. "It makes sure that we don't lurch from crisis to crisis."
So, a deal is in place (go here to read a quick breakdown), ready for approval, and a shutdown can be avoided. Everyone's happy, right? Of course not.
The deal has plenty of critics from both Republicans and Democrats. According toU.S. News and World Report:
The deal will require both Republicans and Democrats to make concessions on their parties' key principles. Republicans will have to agree to increase overall spending levels, while Democrats must accept a deal that does not include an extension of federal unemployment benefits. Democrats also will have to deal with the reality that the bipartisan agreement does not include the closing of a single corporate tax loophole, while Republicans cope with the fact that the deal does not include major reforms to entitlement programs like Medicaid or Social Security.

Read the full story here.  


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