Tag: Congress

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budgets & spending cuts deficits and debt

The Continuing Crisis

Congress, Continuing Resolution, budget, debt

“By law, we have one job,” Rep. Tim Burchett (R‑Tenn.) asserted the last time he opposed the “continuing resolution” (CR) on the federal budget. 

What is that “one job”? It is “to pass twelve appropriations bills and a budget. We aren’t doing that, which is why we are $33 trillion in debt.”

You noticed the typo. But it wasn’t. Sure, $33 trillion isn’t right. Yesterday, the official public debt of the federal government was $36.6 trillion, with just a smidge of rounding up. Those first two paragraphs are from 2023; one can almost cut and paste old copy about Washington’s CR fiascos and place them in new pieces and get away with it, clean. 

On Tuesday, the House passed a continuing resolution to keep the federal government chugging along, with its usual substitute authorization for spending rather than a real budget.

In another old Common Sense column from right before Christmas, I celebrated the possible “torpedoing” of a CR, and its replacement with a more modest one — but what about the CR that now heads for a Friday vote in the Senate?

The resolution cuts $20 billion from IRS enforcement, $7 billion from fiscal year 2024 levels, $13 billion in non-​defense discretionary spending but added $6 billion to defense. Last year’s earmarks were nipped, but what’s happening with USAid is less clear. Secretary of State Marco Rubio says that “83% of programs” have been closed in the agency; Elon Musk declares that “the important parts of USAID should always have been with Dept of State” — but that plan is not implemented in this CR.

Meanwhile, Rep. Thomas Massie was the sole Republican No vote, continuing his dissent: “Congress just locked in a large portion of the Biden agenda for the first nine months of Trump’s presidency.” And then Trump threatened to primary him!

Massie is up against Republicans who think the resolution’s cuts are big enough. And Democrats who think they are way too big.

This is Common Sense. I’m Paul Jacob.

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deficits and debt meme

Just Imagine

debt, Congress, spending, corruption, meme

Imagine stealing everyone’s money and still being $36 trillion in debt.

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deficits and debt national politics & policies too much government

The Biggest

Congress, US Capitol, debt, government, inflation

Trump’s riding high, in the first week of his second term — but not regarding the biggest problem he faces, inflation and economic instability.

“When bondholders don’t see a credible fiscal path to be repaid for current and future government debt,” writes Veronique de Rugy at Reason, “they expect that eventually the central bank will create new money to buy those government bonds, leading to higher inflation.

“Recent inflation wasn’t just about money supply; it reflected the market’s adjustment to unsustainable fiscal policy.”

Winning, for Trump, cannot equate to Spending.

While Ms. de Rugy tries to explain this all in terms of a big-​picture economic analysis, she does not quite reach back in time far enough. We had stagflation way back when I was young. It was cured then not by decreased spending but by Paul Volcker of the Federal Reserve putting the brakes on money-​and-​credit expansion. He stopped inflation. 

A pure recession immediately followed, followed by recovery in the new administration, Ronald Reagan’s, who helped reduce the rate of growth of government (and not much else).

Inflation could, theoretically, be handled by the Fed alone, now, as then.

Except — the federal government can hardly now afford to service existing debt, which would skyrocket with the nitty-​gritty of the Fed’s cure, higher interest rates. 

Today, debt service (paying just the interest) approaches One Trillion Per Annum. 

“A crucial tipping point was reached in 2024 when the interest expense on the federal debt exceeded the defense budget for the first time,” Nick Giambruno summarizes at The International Man. “It’s on track to exceed Social Security and become the BIGGEST item in the federal budget.” 

Increasing it yet more would cripple the government.

The only way out, if there is one, is a radical decrease in spending and deficits, as de Rugy advises. Trump’s path to success is somehow accomplishing that.

This is Common Sense. I’m Paul Jacob.

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government transparency

The August Workings!

“Congress has secretly paid out more than $17 million of your money,” Representative Thomas Massie tweeted last week, “to quietly settle charges of harassment (sexual and other forms) in Congressional offices.”

Sounds nasty when he states it like that. He could have said Congress has valiantly kept litigation from disturbing the august workings of the world’s greatest deliberative body!

But seriously, Massie tells the truth and offers a challenge: “Don’t you think we should release the names of the Representatives? I do.”

He refers to the names of the accused in Congress. The ones bailed out of criminal and civil action, along with public obloquy, to the tune that only two-​digit millions can play.

Amusingly, Representative Massie compares and contrasts congressional hanky-​panky and hush-​money payments with those of former and future president of the United States, Donald Trump. “The allegation is that President Trump paid $130,000 of his own money but here in Congress we have … there may be some on this dais!” The “some” are the bailed-​out accused harassers whom Massie works with every day.

Imagine the love Massie must feel from his fellow brothers and sisters in Congress Assembled, with his demand for complete transparency.

Years ago I quoted CNN on the hush-​money issue. “The current system in place does not require the [Office of Compliance] to make public the number of sexual harassment complaints, number of settlements reached, the dollar figure of those settlements or which offices are being complained about. Congressional aides say this is giving unintentional cover to the worst offenders in Congress.” 

I questioned whether that was “unintentional.”

It’s not called “hush money” because it brings things out in the open!

Were I the twice-​impeached Donald Trump, I’d bring up that $17 million every time I addressed Congress. After all, Trump paid for his own … alleged … indiscretions. 

Our representatives have made us pay for theirs.

This is Common Sense. I’m Paul Jacob.

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incumbents term limits

Missing in Congress

Congress, term limits, incumbency, age, power

Her “constituents in Texas Congressional District 12 have asked, ‘Where is Congresswoman Kay Granger?’

“Some Tarrant County residents,” The Dallas Express further reports, “have begun to speculate.”

“I’m hearing she’s in a memory care unit,” one posted on X. 

Express reporter Carlos Turcios explains that “the Congresswoman has been residing at a local memory care and assisted living home for some time after having been found wandering, lost, and confused in her former Cultural District/​West 7th neighborhood.”

Granger, 81, did not seek re-​election last November after 28 years in Congress. Thankfully. She has not voted in Congress since July 24 of this year. Which, given the circumstances, is also a good thing.

Her son told the media she was suffering from dementia and had declined rapidly, but that could be a slight stretch.

Don’t condemn the congresswoman, argues former Texas legislator Jonathan Strickland. “Six years ago (as an elected official who worked regularly with/​around her) it was obvious she had serious memory issues. She has had no idea what was going on for a while,” he explained, blaming “her friends, family, and staff” who “left her in office for their own benefit.”

The last six years in Congress … without … cognition. (Is that about par?)

Utah Senator Mike Lee, a fellow Republican, says Granger makes a “compelling case for term limits.” Yes. Sure. Of course. 

Even if these over-​the-​top instances of incumbency running amok overtime weren’t spilling out so often, however, we would still need term limits. 

The fact that things have gotten this bad is a sign we’ve needed term limits for a very long time.

This is Common Sense. I’m Paul Jacob. 

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national politics & policies porkbarrel politics

The Biggest Gift of All

Donald Trump, debt, funding, Santa, Congress, government shutdown

We received an early Christmas present from the incoming Trump administration.

The gift? The torpedoing of a continuing resolution (CR) supported by House Speaker Johnson that was full of concessions to the Democrat side of the aisle. Aside from the drunken-​sailor spending, the 1,500-plus-page legislation — just something to tide the government over for a few months — contained many other horrific elements that made it worthy of deletion.

Trump, Vance, and Musk are among those who volubly criticized the pork and other bad provisions of the CR.

Senator Rand Paul said: “I had hoped to see @SpeakerJohnson grow a spine, but this bill full of pork shows he is a weak, weak man. The debt will continue to grow. Ultimately the dollar will fail. Democrats are clueless and Big Gov Republicans are complicit.”

Ostensibly designed to continue funding the federal government after the money had run out, the bill’s poisonous elements included a pay increase for members of Congress and a provision to make it almost impossible for the Trump Justice Department to investigate wrongdoing in the House (such as the evidence-​destroying way the J6 investigation was conducted).

Another provision would have extended the life of a State Department’s Global Engagement Center, a censorship office that Republicans have been trying to kill for years. Some Republicans, that is. The ones in favor of freedom of speech. The GEC funds efforts to suppress speech.

But the worst of it was stopped. The CR monstrosity became a much more manageable, much smaller CR; “the government was saved” — and, more importantly, we were saved some of the awful things packed into the earlier resolution.

Still, a lot of people (mainly Democrats) didn’t like their Christmas gift.

And dashed were the holiday dreams of members of Congress, stuck another term at current levels of remuneration.

Ho ho ho.

This is Common Sense. I’m Paul Jacob.

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