Tag Archives: government spending

The bipartisan push to increase spending and the national debt

Source: Cato Institute
by Michael D Tanner

“Once again, we are reminded that ‘bipartisan’ is Washington-speak for ‘Hang on to your wallet.’ Democrats, Republicans, and the Trump administration have reached a bipartisan agreement to fund the government for the rest of the fiscal year. Much of the media is trumpeting the agreement as proof that ‘both sides can work together.’ Sure they can … if the goal is to further fleece the taxpayer. Republicans wanted more spending for defense. Democrats wanted more spending for domestic programs. The bipartisan answer: more spending for everything.” (05/03/17)

https://www.cato.org/publications/commentary/bipartisan-push-increase-spending-national-debt

Trump is right: “Shutdowns” are good for America

Source: Garrison Center
by Thomas L Knapp

“‘Our country needs a good ‘shutdown’ in September to fix mess!’ the Donald suggested in a tweet on May 2, in a fit of pique over the US Senate’s 60-vote cloture requirement. That requirement forced Republicans to negotiate with Democrats over a stopgap spending bill, in turn requiring Trump to give up on some of his policy goals for the short term to avoid the dreaded ‘shutdown.’ The president’s reasons for rattling the ‘shutdown’ saber are wrong — the harder it is for Congress to spend money, the better! — but his instincts are right. ‘Shutdowns’ are much-needed opportunities for Americans to look more closely at, and hopefully re-think, the federal government’s true role.” (05/02/17)

http://thegarrisoncenter.org/archives/10438

Save liberty, shut down the government

Source: Ron Paul Institute
by Ron Paul

“Congress ended the week by passing a continuing resolution keeping the government funded for one more week. This stopgap funding bill is designed to give Congress and the White House more time to negotiate a long-term spending bill. Passage of a long-term spending bill has been delayed over objections to Republican efforts to preserve Obamcare’s key features but give states a limited ability to opt out of some Obamacare mandates. This type of brinkmanship has become standard operating procedure on Capitol Hill. The drama inevitably ends with a spending bill being crafted behind closed doors by small groups of members and staffers and then rushed to the floor and voted on before most members have a chance to read it. These ‘omnibus’ spending bills are a dereliction of one of Congress’s two most important duties — allocating spending.” (05/01/17)

http://ronpaulinstitute.org/archives/featured-articles/2017/may/01/save-liberty-shut-down-the-government/

US congressional “negotiators” agree to big-spending business as usual

Source: The Statesman [India]

“US Congressional negotiators reached a critical agreement on a massive spending bill which if approved by the House and Senate would fund the government through the end of September, a media report said. The bill would add billions for the Pentagon and border security [sic] but would not provide any money for President Donald Trump’s promised border wall with Mexico, official aides told CNN on Sunday night. Votes in both chambers are expected by the end of the week.” (05/01/17)

http://www.thestatesman.com/world/us-negotiators-reach-deal-on-government-funding-1493625801.html

US Congress puts off fake government shutdown for a week

Source: US News & World Report

“Congress took the easy way out to keep the government open on the eve of Donald Trump’s 100th day in office, passing a weeklong stop-gap spending bill Friday that amounted to more of a defeat for the president than a victory. Lawmakers cleared the measure easily with just hours to spare before the shutdown deadline at midnight. But with Trump marking his presidency’s milestone Saturday, he did not wring any major legislation out of Congress, despite a renewed White House push to revive the House GOP’s health care bill in time for a vote that could give him bragging rights.” (04/28/17)

https://www.usnews.com/news/business/articles/2017-04-28/trump-wont-get-house-ok-of-health-bill-before-his-100th-day

Mnuchin vows “biggest tax cut” in US history, confirms plan to slash corporate rate

Source: Fox News

“Treasury Secretary Steve Mnuchin confirmed Wednesday that the Trump administration aims to lower the corporate tax rate to 15 percent, saying a forthcoming proposal will constitute the ‘biggest tax cut’ for Americans in history. … Mnuchin, speaking at a Washington forum hosted by The Hill, would not reveal many specifics but confirmed that they want to lower the corporate rate to 15 percent, from 35 percent. ‘I will confirm that the business tax is going to be 15 percent,’ he said. ‘[Trump] thinks that’s absolutely critical to drive growth.’ He said small businesses would benefit from that. Mnuchin also said the administration wants to ‘do the whole thing,’ and not pursue tax reform piece by piece. Amid concerns that such sweeping tax cuts would significantly reduce revenue for the government, he suggested economic growth will help pay for [sic] the plan.” [editor’s note: Tax cuts don’t need to be “paid for” because they aren’t expenditures. They’re just not stealing as much – TLK] (04/26/17)

http://www.foxnews.com/politics/2017/04/26/mnuchin-vows-biggest-tax-cut-in-us-history-confirms-plan-to-slash-corporate-rate.html

Greece: Regime, lenders seek deal as bailout talks resume in Athens

Source: Reuters

“Greece and its foreign creditors resume talks on Tuesday on reforms prescribed under the international bailout and further debt relief, aiming to reach a comprehensive deal before a meeting of euro zone finance ministers on May 22. Talks over reforms in the energy and labor market and on pension cuts and income tax have dragged on for months mainly due to differences between EU lenders and the International Monetary Fund over fiscal targets. The leftist-led government and the lenders reached a deal this month in Malta on key elements of reforms worth 2 percent of gross domestic product which the country has agreed to legislate now but implement in 2019 and 2020.” (04/25/17)

http://www.reuters.com/article/us-eurozone-greece-bailout-idUSKBN17R146

US Senate Republicans may dump border wall funding to reduce “shutdown” theatrics

Source: New York Daily News

“Senate Republicans indicated on Tuesday they have no plans to shut down the government [sic] over a fight for money for a border wall. Sen. Roy Blunt (R-Mo.), a member of GOP leadership, told reporters Tuesday afternoon that a bill to keep the government funded after April 28 was coming together, and suggested the funding for the wall wouldn’t be included. … Republicans will need some Democratic support to avoid a government shutdow [sic] at the end of April, and Democrats have indicated they’d block any bill that included funds for a wall.” (03/28/17)

http://www.nydailynews.com/news/politics/government-funding-bill-skip-border-wall-article-1.3011909

Defund the National Endowment for the arts — for art’s sake

Source: National Review
by Kevin D Williamson

“The case against the NEA is not that abolishing it will save the federal government a tremendous amount of money. It won’t. The NEA’s budget is, relatively speaking, chickenfeed — $148 million this year. (Which is literally less than Tyson spends on chickenfeed, if you were wondering.) We are not going to balance the budget on cuts — even cuts of 100 percent — to the NEA, the National Endowment for the Humanities, and foreign aid. … The case against the NEA is that it is bad for art and bad for artists.” (03/23/17)

http://www.nationalreview.com/article/445996/national-endowment-arts-defund-politics-bureaucracy-mediocrity

Deficit spending for the working class Canadians

Source: Mises Canada
by Caleb McMillan

“While an Angus Reid poll from a December 2015 showed only a marginal concern about federal deficits, the fact that the federal government is spending more than it takes in in taxes is now a chief concern among Canadians. An Angus Reid Institute survey released Monday ranked deficits and federal government spending as the third ‘most important issues facing Canada today,’ trailing ‘the economy’ and ‘health care.’ The poll comes two days before the Liberal government’s 2017 budget announcement.” (03/21/17)

https://www.mises.ca/deficit-spending-for-the-working-class-canadians/