Blocking the Budget-Busters

By Stephen Moore, Wall Street Journal - October 3, 2015

If you want to measure the impact of tea-party voters, look no further. Oct. 1 marked the beginning of a new fiscal year in Washington, and the deficit for 2015 came in below $500 billion, according to the Congressional Budget Office. Although that kind of overspending is still irresponsible, it’s a far cry from the $1 trillion annual deficits during Barack Obama’s first term.

But it looks as if budget restraint in D.C. is beginning to waver. Congress and the White House are quietly negotiating a deal for the new fiscal year that would bust the spending caps that have brought down the deficit. Breaking the caps yet again—this would be the third violation in four years—is lousy policy. It’s also bad politics for Republicans, who won control of Congress by promising budgetary discipline.

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