The choices we face today range from bad to horrific. For those naysayers who believe there is no sovereign debt crisis looming, you are just not paying attention.
This week the House will vote on a federal spending bill that will add $26B to the deficit?
But wait Guest Blogger Jeff! – I heard about a jobs bill the House was voting on today to save 300,000 jobs? And I heard that it was paid for? Is that what you are talking about?
OK – flip on the Rachael Maddow show, go back to sleep, and just believe that there is a magical money tree growing in the capital atrium.
The bill being voted on is to plug budget gaps in State & Local spending that may lead to cuts in employment in the public sector. The bill will not create a single job. It will in fact save jobs, but it will also add to the deficit and let states off the hook in making the tough choices to balance their budgets. Inevitably we will be voting on another bill like this every 6-9 months over the next 2-3 years just like we keep voting to extend unemployment benefits. That will add hundreds of $billions to the deficit.
But wait again I say!!! It’s paid for! – that’s what you conservative scumbags wanted in order to save our heroic teachers and firefighters from having to go on 99 weeks of unemployment benefits!!!!!
Well – not really. Nearly half the money for the “offset” is coming from proposed cuts to the food stamp programs, which will go into effect in 2014. Is there anyone who actually believes that in 2014 – about when the 2016 Presidential campaigns will begin, that Congress will actually make the decision on cutting food stamps to pay for these saved jobs?
Of course they wont!
So – does that mean we shouldn’t pass this bill – well – I’m torn. It will hurt the economy not having these folks able to pump lots of pointless consumer spending into the system. But by the same token – I know when someone is pulling the wool over my eyes.
Can we get some courage? Can we make a real cut to spending? – How about a pay roll back on government workers of 5%? That would be a nice sacrifice for the taxpayers continuing to pay their salaries. What a heroic act for public unions to volunteer pay cuts to keep their jobs!
Did I mention the $16B in Medicaid spending in this bill? How’s that Healthcare Bill Deficit Reduction Thingy going?
I know where the remains of Jimmy Hoffa are! They are buried under the capital atrium providing nutrient rich food for the money tree growing there. And his spirit is fueling the new most powerful force in America. The public sector workers unions!
What do you think? Guest Blogger Jeff