House Republicans failed to reach an agreement over their proposed $3.8 trillion budget Wednesday night, as the Budget Committee left without a consensus after Majority Leader Kevin McCarthy (R-Calif.) failed to reconcile the split between defense and deficit hawks within his own party.
Pro-defense members want to add $96 billion to the Pentagon’s Overseas Contingency Operations fund without any offsetting cuts, which fiscally conservative Republicans strongly object to.
According to the Washington Post:
If Republicans fail to approve a compromise budget that passes both the House and Senate — a real possibility, given their deep divisions on fiscal policy — it will be an ignominious defeat for House Speaker John A. Boehner (R-Ohio) and Senate Majority Leader Mitch McConnell (R-Ky.)
It is not only the military that the deficit Republicans are going after however, they also seek to repeal Obamacare and cut Pell grants.
Republicans seek to cut $303 million from the popular Pell grant program which allows the poorest of the nations youth to attend post secondary education. The Pell grant program is currently running a surplus.
“This budget ends the Medicare guarantee as we know it, turns Medicaid into a block grant, repeals the Affordable Care Act, fails to invest in job creation, and does not include any new revenue,” said House Minority Whip Steny Hoyer (D-Md.) on his website in criticism of the GOP budget.
The budget moves to eliminate Obamacare entirely including the Medicaid expansion that was adopted by 29 states and D.C.
As it stands now the GOP budget will increase defense spending by $387 billion while reducing non-military spending by more than $700 billion over the next 10 years.
The above graph brings the wisdom of this course of spending in to serious doubt. It is one thing for the United States to be ranked No. 1 times 10 in defense spending, being ranked 16th in the world in infrastructure, 5th in education and 10th in overall prosperity is definitely another.
[The Hill] [Washington Post]