‘Betrayal’: U.S. economy reeling from 2 disasters of 2015

Saturday, December 26, 2015
By Paul Martin

‘This is an urgent problem. The alarms should be going off’

GREG COROMBOS
WND.com
Dec. 25, 2015

Respected conservative economist Stephen Moore says America’s fiscal health was damaged by two terrible developments in 2015: the Republican “betrayal” on federal spending and the ongoing exodus of American companies that refuse to keep paying the highest business taxes in the industrialized world.

Moore is a senior economic contributor at FreedomWorks and is a distinguished visiting fellow at the Heritage Foundation. This past year, he also advised multiple presidential candidates on their tax-reform plans and was the principal author of the flat-tax proposal offered by Sen. Rand Paul, R-Ky.

For Moore, the worst economic development of the year is also the most recent. He is appalled that Republican majorities in the House and Senate allowed the $1.1 trillion omnibus to pass easily.

“It was a betrayal,” Moore told WND and Radio America. “The Republicans won the House and won the Senate promising voters they would get control of the budget, that they would be fiscally responsible, that they would help balance the budget and that they believed in limited government. We got none of that.”

While House Speaker Paul Ryan, R-Wis., characterized the omnibus as a compromise that scored wins for Republicans on lifting the crude oil export ban, tightening rules in the visa waiver program and strengthening the military, Moore says there’s no question Democrats won this fight.

“This was a huge, huge win for Nancy Pelosi and Harry Reid and Barack Obama,” he said. “They got all their social programs, the climate-change agenda, the green-energy stuff, Planned Parenthood. All of that stuff was funded. They laughed all the way to the bank.”

He says Republicans even rubber stamped Obama initiatives they had earlier branded as unconstitutional.

“All the executive actions that he’s taken on immigration, sanctuary cities, on health care on labor issues – and I could go down the line – all these things the Republicans have been complaining about quite rightly about Obama being an imperial president and walking all over the Congress, now Congress turns around and funds all that stuff,” Moore said.

The Rest…HERE

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