"CBO estimates that S. 388 would increase direct spending by $62.4 billion and revenues by $55.1 billion
over the 2013–2023 period. Thus, the cumulative deficit would increase by
$7.2 billion from those changes," CBO wrote in a report.
The Democratic bill would replace the $85 billion in
automatic cuts scheduled to take effect on Friday with a mixture of tax
increases and spending cuts to defense programs and farm subsidies. However,
those spending cuts would be phased in over a ten-year period, whereas the
sequestration cuts would occur this year.
For Baldwin, apparently a "balanced" approach to deficit reduction means raising both taxes… and spending.
Over 50 years ago, Phyllis Schlafly wrote a short book about Presidential politics called “A Choice, Not a Echo.” Schlafly’s book was an attack on the Eastern Republican Establishment – a group (think Nelson Rockefeller and John Lindsay) that would make politicians who are derided today as RINOs (such as Lindsey Graham and, inexplicably, Jeb Bush) look like tea party stalwarts. The book was an important part of the rise of the modern GOP and the realignment of our political parties along ideological lines. Conservatives left the Democrats. Liberals left the Republicans.