Welcome 2013 – Ready for the Fiscal Roller Coaster?

You might have caught glimpses of the fiscal showdown votes and speeches, and finally a deal, in between your activities to ring in the New Year. The final deal did settle some significant issues about taxes and fixed up some other issues; the price of milk won’t skyrocket (sigh of relief) and Congress won’t receive a cost-of-living pay increase (which some might call a bit of justice). To see more details about the elements of this latest deal, we highly recommend The Fiscal Cliff Deal analysis from the National Priorities Project.

But hang on for the ride – there will be a few more fiscal “cliffs,” “curbs,” “mudslides,” “berms,” or whatever bumpy metaphor you might like to use. Decisions about spending cuts of the so-called “sequestration” were not part of this deal. Instead they were passed off to the next Congress being sworn in on January 3, 2012 to figure out with a new March 1 deadline. And by the way, the budget for Fiscal Year 2013 was never completed. Instead Congress passed a stop-gap Continuing Resolution funding the government until March 27. We need a deal by then to keep the government running. In addition, we are reaching the debt ceiling. Without congressional agreement to raise the debt ceiling, we risk government shutdown, defaulting on loans and economic disasters.

Ready for more? In the midst of this roller coaster start to 2013, there will be plenty of need to raise the issue of budget priorities. We cannot afford to make cuts to everything else while letting the bloated Pentagon budget escape fiscal discipline. Fortunately, some new voices are starting to recognize this, too. Conservative leader of Americans for Tax Reform, Grover Norquist, says that, “Serious conservatives need to declare that they, that taxpayers, are looking at the entire budget and saying, ‘where can we be more efficient and more effective?’ We have a rather large Pentagon budget, larger than most of the other countries in the world that have armies, navies, and air forces combined.”

Nevertheless we know well that the defense industry lobbyists are ready to make the case for more nuclear weapons, more F-35s, maybe even more bayonets and a cavalry, too.

We hope you are as ready as those lobbyists – ready to make the case for budget priorities that will lead us to safety, strength and prosperity, even if we have to make it through a few bumps and spins to get there.