- It will not raise government revenues as I have pointed out before.
- It will not actually decrease government spending; merely slow down the rate of increase
- It will continue the crowding out of the private sector.
Regardless how this had gone, the writing is already on the wall, and has been for quiet some time (in my mind it was secured after Ron Paul failed to garner the GOP candidacy). This is just another reminder, among many other instances in the past, that there is no such thing as a 'conservative', party in America. Lip service is given to the constitution; all the while the jackals slowly dismantle it to the peoples indifference, or in some cases, enthusiastic approval. Talks about fiscal responsibility are nothing more than honeyed poison from the tongues of vipers. Expect to see many more betrayals in the near future. We are entering the end game, and the wolves will begin to take off their sheep's clothing.