” In the movie “Groundhog Day,” Bill Murray wakes up again and again to find that he is stuck in the same day. This happens multiple times a year now with Congress on the debt limit, which we just hit again on Saturday.
Depending on which party’s in power, the ones arguing for or against raising the debt ceiling will change—which makes for fun historical quotations like Obama vs. Obama on the debt limit. In our new video, you can see politicians from both sides arguing the debt limit—and vowing that they will not, absolutely not, have this same argument again next year.”
But wait , the problem gets worse …
” Just since the limit was suspended in the fall, Washington has borrowed nearly $600 billion. So what happens if lawmakers throw up their hands and abandon the debt limit for a year? Romina Boccia, Heritage’s Grover M. Hermann Fellow, warns:
The debt limit serves as an important congressional check on federal spending and borrowing. Without a debt limit, all control over borrowing decisions shifts to the Treasury secretary, who is appointed by the president. Effectively, this concentrates borrowing authority in the executive branch, and hands the president a blank check to borrow against the U.S. taxpayer.
President Obama is already threatening to disregard Congress and use executive actions to make laws. Will he have all the borrowing power, too? Does Congress do anything anymore? “
Courtesy of Heritage.org read it all .
” The politicians, bureaucrats, lobbyists and interest groups in Washington are hyperventilating that the federal gravy train may get sidetracked for a day or two by a shutdown fight between Republicans and Democrats.
I’m not sure why they’re so agitated. After all, the shutdown is really just a slowdown since only non-essential bureaucrats are sent home. And everyone winds up getting paid for those unplanned vacations, which is why the bureaucrats I know are crossing their fingers for a lengthy confrontation.
But that describes what may happen when the new fiscal year begins tomorrow. What’s been happening in recent days, culminating today, is a feeding frenzy of end-of-the-fiscal-year wasteful spending.
Here are some details from a Washington Post expose.
This past week, the Department of Veterans Affairs bought $562,000 worth of artwork. In a single day, the Agriculture Department spent $144,000 on toner cartridges. And, in a single purchase, the Coast Guard spent $178,000 on “Cubicle Furniture Rehab.” …All week, while Congress fought over next year’s budget, federal workers were immersed in a separate frantic drama. They were trying to spend the rest of this year’s budget before it is too late. …If they don’t, the money becomes worthless to them on Oct. 1. And — even worse — if they fail to spend the money now, Congress could dock their funding in future years. The incentive, as always, is to spend. So they spent. “
Illustrations By Jeff McNelly
” Any number of grandstanding D.C. types have now magnanimously declared that they will not accept those portions of their $174,000 salaries that might come during a possible government shutdown. The question is why they get paid the rest of the time.
If Congress had passed an actual FY 2014 budget back in the spring like they were supposed to, the federal government would not be on the verge of losing its spending authority. If Congress could manage its finances like you and I have to do, it would not be desperately seeking yet another increase in the phony “debt ceiling,” which is not a ceiling at all but merely an occasional to schedule another vote to raise said “ceiling.”
If you can get paid for perpetrating this kind of fraud on a regular basis, you are no hero for eschewing a paycheck when you spend a few days tripping over your own dereliction of duty.
That said, shut the thing down.
Lefties shriek that we just don’t realize how many essential things the government does. They inspect the meat! They control the air traffic! They fix the highways! They control disease! You don’t want to do without any of that, do you?
Yes, it’s true that we rely on the federal government to do many things. But it’s also true that in many cases we would be better off if we did not, and necessity is the mother of invention. If the most inefficient, political, self-serving institution has been providing you with bread since long before anyone can remember, and then one day the institution grinds to a halt . . . flour, yeast, hey Bob, I think we’ve got something here! Add a little oil and you can make pizza dough! Why were we paying those people? “
Illustration by AF Branco
” “The president and I, as I have made very clear, have a very good relationship. We’re open with each other. We’re honest with each other,” said Boehner.
“Do you trust President Obama?” Raddatz asked.
“Absolutely,” Boehner replied.
Framing Republicans as out-of-touch radicals, Raddatz then asked, “President Obama says these meetings are intended to find members of the common-sense caucus who he can make a deal with …. Are you not a member of the common-sense caucus?”
Boehner, falling for the trap, shot back, “I’m part of the common-sense caucus.”
Boehner is the dumbest Speaker I’ve ever seen . Fire him now .
” The first budget from Senate Democrats in four years includes nearly $1 trillion in new taxes but would not balance the budget.The budget would dedicate $100 billion to economic stimulus in the form of infrastructure spending and job training.”
More union gifts , graft and no balanced budget …
” The Ryan budget would balance in 10 years without raising taxes and by reducing spending over the next decade by $5.7 trillion compared to the CBO baseline.”
” President Barack Obama announced three cabinet-level nominations, choosing Sylvia Mathews Burwell of the Wal-Mart Foundation as director of the Office of Management and Budget, scientist Ernest Moniz as head of the Energy Department, and Gina McCarthy to lead the Environmental Protection Agency, where she’s been an assistant administrator.
“I can promise you that as soon as the Senate gives them the go-ahead, they’re going to hit the ground running and they’re going to help make America a stronger and more prosperous country,” Obama said at the White House today.”
How will any of these appointments make America “a stronger and more prosperous country” ? We haven’t had a budget in over four years so what’s the point of Burwell and as to Departments of Energy and EPA we live with the results of those departments every day … $5 gas , an over-arching regulatory environment , bogus e-mails , corruption , green energy scandals … ah , transparency …
” Conservative columnist Mark Steyn unleashed a torrent of pithy thoughts on the mercifully ended theater-of-the-absurd that resulted in a measly few billion dollars a year in spending cuts under the fiscal cliff deal. In the video above, the author of After America: Get Ready for Armageddon stated in his cheerfully sardonic way that “the American era is over“:
“In a sense America voted for big government in November. What it didn’t vote for is the willingness to pay for it. We have the biggest gap between revenue and spending of any nation on Earth. So people have got to get real about this. If you want Swedish-style government, you have to pay Swedish-style taxes. And if you don’t, you have to grow up and learn to live within your means.” “