Content adapted from this Zerohedge.com article : [Source](https://www.zerohedge.com/news/2018-02-09/now-its-passed-heres-whats-spending-plan_
by Tyler Durden
The House managed to approve a purportedly "bipartisan" budget deal early this morning after a marathon all-night session that was brought on by Sen. Rand Paul's self-indulgent insistence that he needed to "make a point" about excessive government spending...less than two months after he voted to blow out the deficit with the Trump tax plan... 
But now that the massive 600+ page bill has been passed, what, exactly, is in it?
For starters, it includes increases in both defense and non-defense spending... 
...which will raise the annual deficit to $1.2 trillion, leading to even higher 10Y yields at least until the next recession hits... 
Some highlights from the deal include:
Raises Spending Levels
The deal would increase government spending by nearly $300 billion over two years. It would increase discretionary defense spending by $165 billion over the spending caps that have been in place since the 2011 Obama-era budget ceiling battle left us with sequestration.
Non-Defense Spending
The $131 billion hike in non-defense spending would include $20 billion for infrastructure spending and $6 billion to combat opioid abuse and other mental health crises that President Donald Trump has promised to deliver, but has until now been reluctant to do anything aside from label the abuse epidemic a national health emergency.
Debt Ceiling
In one of the deal's key components for markets, an extension of the government's debt ceiling to March 2019 is one of the most pressing issues - even perhaps more pressing than the shutdown because of its potential to impact the US's credit rating (remember when the US was downgraded AA+ and how markets reacted?). The Treasury Department has warned that without an extension in borrowing authority by Congress, the government would run out of its "emergency measures" early next month."
Temporary Funding Measure
Since they've agreed to toss the caps, lawmakers' and their staff need to set to work on actually drafting a two-year budget. 
That could take weeks, so the bill also includes a temporary extension of funding to March 23. After that, Congress will need to approve an appropriations bill to pass a two-year budget.
Disaster Assistance
A disaster aid package of $90 billion for areas affected by Hurricanes Irma, Harvey and Maria, as well as the California wildfires, will also be included.
Immigration
Immigration legislation was famously not included in the deal expressly because of its divisiveness. Senate Majority Leader Mitch McConnell has said the Senate will begin debating immigration legislation next week. House Democratic leader Nancy Pelosi delivered a marathon, eight-hour speech earlier this week about young "Dreamer" immigrants in an attempt to extract the same promise from Ryan, who has refused to explicitly commit to a vote without the president's OK.
Those are the obvious provisions. But, as is typical of Washington, where lawmakers are often judged by their ability to deliver lucrative projects and other federal-government goodies to their state, the bill contains many surprising provisions, including tax incentives that were scrapped as part of the tax overhaul, as the New York Times points out.
It also includes a series of unexpected spending increases, including restoring some provisions that were jettisoned from last year's $1.5 trillion tax package. And the bill includes an extension of 48 different tax credits that expired at the end of 2016, including several incentives meant to help particular sectors like mining and horse racing.
Here are some of the provisions:
Medicare Cost Watchdog Removed
The bill would kill the Independent Payment Advisory Board, which was devised to help keep Medicare spending growth from rising above a set level. No one has ever been appointed to the board, and Medicare spending has experienced unusually slow growth in recent years. But the board was long denounced by Republicans as a rationing board, and disliked by some Democrats for taking payment policy authority away from Congress.
Funding Changes for Public Health Programs
The spending plan would cut $1.35 billion in funding to an Affordable Care Act program meant to improve public health and prevention funding for states and municipalities
Another CHIP Extension
The bill would extend funding for the popular children's health-care program for four years.
Continued Fund For Abstinence Education
Rubbers are baaaaad m'kay?
A Break for Berea College
The spending bill restores a provision that was stripped out of the tax bill after becoming the center of controversy. The bill would exempt Berea College, a small private college in Kentucky that provides free tuition, from being subject to a new tax.
Of course, all of this won't mean anything if Congress can't push through the appropriations bill that - we hope - lawmakers are furiously setting to work upon as we write...
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Seriously, our govt is f*cked. Cutting spending to healthcare, leaving tax credits for business instead of more for middle and lower income people. Getting rid of sex education and preaching abstinence. I mean, do we live in the dark ages? And we keep on raising the spending ceiling...what would happen if we actually taxed large corporations? Perhaps fund our govt properly? Ugh. How the hell as people can we fight back against a govt that is obviously no longer for the people, of the people, or by the people.
Thanks for my daily dose of economic education ;)
None of what you mentioned is good for Wall Street. That is what is vital. Main street matters none to the people on Congress...the banksters are the ones with all the power.
They own the corporations and KStreet...they own Madison Avenue and the media.
And, of course, they own the politicians.
That is why blockchain and crypto is so exciting...it provides the opportunity to destroy the government or at least, radically alter it.
These politicians will wake up too late as will the banksters. They believe they still can control things.
The deeper I jump into the blockchain life the more I learn, the more I realize the thin veneer that's hidden the real world from the majority of people. This tech really can change the world. If we fight hard enough for it. Luckily this isn't Facebook otherwise there'd just be petitions going around and everyone talking but no one doing.
And, we will win. We will. :)
Wake up people. The government will incessantly continue to spend more and more of our taxpayer money until it simply runs out. "Runs out" can mean any variety of conclusions, but suffice it to say that it is not good for people with earnings, savings, and all assets in USD.
The only upside is that the USD is still the acting world reserve currency. My inner skeptic thinks that before the US power structure allows its USD hegemony to be challenged by China/Russia, it will bring the entire global economy down in order to bring capital rushing back into USD and US territories. At the same time, it's entirely possible that this capital flight won't be as substantial as some estimate.
Only time will tell. This is the defining theme of our era.
Do u know that Each year, Merica needs more money just to keep the system stable.
And for the last decade, the cost of living has kept on going up while wages kept being stable or declining.
Americans will keep on gettig more poor with every year that passes.
And one day... POOF! Massive implosion.
Give it another decade and the game is up.
Tnx for your updates @zer0hedge
I say make it a $4 trillion deficit. incredible. Go full retard. Quicker that happens, the quicker we can watch it blow and start over with something that doesn't screw every dollar holder out of the real inflation rate in spending power each year.at the beginning thanks for sharing your posts @zer0hedge
Then maybe you would see people wanting to work again. As of now, why bother? You get screwed by the taxman, then double screwed by inflationary deficit spending.
The skim of inflation is that warm feeling you have when they say it's raining. Yet it is not known by most everyone. Oh wait, they control "education."
I think trump is not yet occupy the appointment, but reneged on the promise!!
not only that there is some promise that has been forgotten, see some of the video that are not in accordance with the Government.
the various assets which managed trump no made the results, this will have an impact on the country's economy.
thanks @zer0hedge
Very nic post.
Informative and helpful blog thanks @zer0hedge
Great post sir
thanks for shareing news,,,, helpful post..
very nice post which is full of information, great
I wonder which person stood on the House floor for 8 hours to try and get the break for Berea College in there.
I bet that was close to collapsing the entire deal.
The defence spending is increasing yet more pressing issues are still hanging. Only $20bn being allocated for infrastructure which has more at it's plate and yet still more funds for providing free education at higher levels of learning are calling.
It's a relief to have $90bn allocated for disaster aiding, this will heal the victims who have suffered massive losses in the difficult time.
Issues of immigration had to be addressed. Immigrants do not simply leave their countries out of their own will. They escape instabilities which each of us is lucky not to be going through.
The defense and infrastructure increases should be swapped imo, we don't need to defend a country if it's crumbling from the inside. But when have we ever cut military in lieu of education, infrastructure, and healthcare?
Man I hate politics
thanks for sharing about budget, news, owesome writing dear
@zer0hedge..yes bro When Andrew Jackson was president. Wiped out the national debt completely. Of course, they did try to kill him for that. The gun mis-fired, a second gun mis-fired, and then Andrew Jackson started beating the guy up with his cane, they had to pull Andrew Jackson off the guy. Those were the days.away in terror. The hoity toity and excessively sissified way congress does OUR business.... yeeesh.
Trump is in his 70s... not certain of his actual physical condition. I could only imagine what a image boost it'd be if some schmuck rushed him and he knocked his ass to the ground.
I'm tired of all this Byzantine BS of a budget. I've stated elsewhere on here, a congress that cannot or will not pass a budget should be entirely banned from all federal office, elected or appointed, after their sitting term is done, for failure to do one thank you for sharing with us..