Co-authored by Luke Hogg, the program coordinator for FreedomWorks Foundation.

On Tuesday, House Democrats pulled the Bankrupting the People Act, H.R. 2021, from consideration on the floor because of divisions within the caucus. This bill, as written, would bust the discretionary spending caps by $360.8 billion over the next two fiscal years and mark the fifth time Congress has busted the spending caps since 2013. FreedomWorks had issued a key vote against H.R. 2021.

Opponents of the Tax Cuts and Jobs Act, which delivered much-needed tax relief to the middle class and business owners large and small, have complained that the law is contributing to the increase in expected budget deficits over the next ten years. Certainly, budget deficits are a serious concern, and Congress has shown no interest in addressing the problem.

Fiscal conservatives rightly opposed the Bipartisan Budget Act, H.R. 1892, because it blew through the spending caps by nearly $300 billion over two years and set the tone for more long-term spending by increasing the baseline at which Congress will budget. Still, this two-year budget deal only covers discretionary spending for FY 2018 and FY 2019 and doesn't touch mandatory spending, which includes programs like Medicare and Social Security whose funding runs on autopilot.

The White House unveiled its FY 2019 budget request this morning. Although it's incredibly unlikely that the budget request will become law, it does provide a window into the policy priorities of the Trump administration. Of course, the passage of the Bipartisan Budget Act, H.R. 1892, set the discretionary spending level for FY 2019 at $1.321 trillion -- $716 billion for defense discretionary and $605 billion nondefense discretionary. This level of spending is $153 billion higher than the pre-Bipartisan Budget Act spending caps.

The Congressional Budget Office (CBO), on Tuesday, released its first budget outlook report of the new year, offering a look at the fiscal picture for the next ten years, FY 2018 through FY 2027. It isn't pretty.

So-called "progressives" are absolutely losing their collective minds about proposed spending cuts that the incoming Trump administration is planning. The Hill reported Thursday that the administration, which will take power today at noon, has a blueprint that calls for $10.5 trillion in spending reductions over the next ten years.