Conservatives are in full-on revolt over the Republican budget ‘betrayal’

Tuesday, October 27, 2015
By Paul Martin

Brett LoGiurato
BusinessInsider.com
Oct. 27, 2015

Conservatives moved quickly to revolt over a blockbuster budget deal reached among congressional leaders and the White House early Tuesday morning, calling it a “betrayal” days before House Speaker John Boehner (R-Ohio) is set to leave Congress.

“This budget deal is a betrayal of all the fiscally conservative promises Republicans made in the last election. It is emblematic of why working-class Americans are angry with congressional Republicans,” said prominent right-leaning economist Stephen Moore, in a statement released by the conservative group FreedomWorks.

The accord, which could be voted on as early as Wednesday: lifts budget caps imposed by the 2011 sequester in equal amounts in both defense and non-defense spending for two years; makes a fix to prevent Medicare premium hikes; and makes tweaks to Medicare and Social Security disability programs to stave off steep cuts next year.

Attached to the deal would be separate legislation to raise the nation’s debt limit well past the 2016 election, through March 2017. The Treasury has warned that Congress needs to raise the debt ceiling by November 3 to avoid a potential first-ever default on the country’s obligations.

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