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deficits and debt national politics & policies

Of Stopgaps and Ladders

“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.”

Katherine Mangu-​Ward, at Reason, fleshed this out: “In theory, the president proposes a budget, Congress passes a budget resolution, and then various committees put together a dozen separate spending bills. They’re debated and voted on, and then the president signs them into law by October 1.”

The practice, however, is a bit different: “What happens instead is that the members of the House careen into each fall full tilt, screaming at each other until they throw together some kind of stopgap measure to fund the federal government for a little while longer until they can get their act together to generate a big, messy omnibus bill that no one will have time to read.”

But it’s worse: “When they can’t manage even that, we get a shutdown.”

To prevent a shutdown, but also not fall back into the usual iterations of the continuing resolutions, the new House Speaker, Rep. Mike Johnson (R.-La.) has floated the idea of a “laddered” CR. According to The Epoch Times, this plan “would spread the due dates over a period of time rather than having all the bills come due at once.” Think of it as an ultra-​weak echo of the responsible budgeting process.

Will it work? Will Congress manage this merest hint of responsibility?

In ten days, it’s go time — or, no-go time — again.

This is Common Sense. I’m Paul Jacob. 


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free trade & free markets media and media people too much government

A Former Economist

Paul Krugman, New York Times columnist and former economist, tested our patience last week with “Trump’s Big Libertarian Experiment.” How many non sequiturs will squeak past the Gray Lady’s editorial department? 

Loads — and all about how the federal government shutdown gives limited government folks what they want: less government.

Subsidy checks to farmers aren’t going out, as “libertarian organizations like Cato” have long advocated. Sure. But it’s no policy change.

As soon as there’s a budget deal, those checks will be made up.

Further, “businesspeople are furious that the Small Business Administration isn’t making loans.” 

Well, it’s high time businesses were weaned off the SBA teat — and a few whiners do not a case for subsidy make.

And then there’s the Food and Drug Administration, which can no longer inspect foods. Since “there’s a long conservative tradition, going back to Milton Friedman, that condemns the F.D.A.’s existence as an unwarranted interference in the free market” libertarians must be pleased, eh?

There is also a long tradition among economists that says businesses don’t get rich poisoning their customers, and that there are many mechanisms in place — and, barring the FDA, more would be in place — to ensure customers that they won’t be infected by eating … Romaine lettuce.

Which then Krugman admits … as if he had belatedly recalled Friedman’s lesson in Capitalism and Freedom. He concedes that the shutdown is not the way Friedman would go about limiting government. Besides, “libertarian ideology isn’t a real force within the G.O.P.”

So what’s the point?

Krugman ends with talk of a smell test: does lack of food inspections smell like freedom?

Something stinks here. But it isn’t spoiled food. Or freedom.

This is Common Sense. I’m Paul Jacob.


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Accountability ideological culture media and media people moral hazard national politics & policies responsibility term limits too much government

The Politics of Inertia

Congress’s failure to establish, last week, any semblance of budgetary responsibility led to one of those “government shutdowns” that the press likes to yammer about so breathlessly.

Then, early this week, Senate holdouts caved, allowing a short-​term fix to bring the federal government fully back to life, like the monster in Dr. Frankenstein’s lab given a defibrillator jolt.

Usually these government shutdowns are caused by Republicans not playing along — Obamacare being the sticking point most recently — but this time the desperate negotiators were Sen. Chuck Schumer (D ‑NY) and his Democrat gang, whose “heroic” stance was all about immigration reform and “the Dreamers.”

After they folded, and the Monster was bequeathed new life, CNN’s Brooke Baldwin asked former Democratic National Committee chair Rep. Debbie Wasserman Schultz what her party had gained from its temporary obstructionism.

Her answer? “Potential for momentum.”

That had to be one of the more bizarrely drawn happy faces over complete and utter failure that we have witnessed since … well, the last one. 

Even Ms. Baldwin was incredulous.*

The Democratic Party’s disarray is astounding. If any party has momentum on its side, it is the party of Andy Jackson and William Jennings Bryan, the party of the elitist media, insider government and the Deep State, and the resistance to Trump.

So why its current pathetic fortune? Because the Democrats have rested so long upon their “momentum.”

Inertia can sure have its downside.

On the “bright side,” Democrats will have occasion to revisit this, for no real budget has been established. All Congress even tries to do these days is provide temporary fix after temporary fix.

Call it potential for catastrophe.

This is Common Sense. I’m Paul Jacob.

 

* The CNN anchor may have been nonplussed by the specter of entropy in the odd Newtonian metaphor.


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