Tag Archives: spending

Impressiveness

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Federal Reserve Chairman Jerome Powell had this to say about handling the burgeoning inflation extant in today’s American economy:

Slowing demand growth should allow supply to catch up with demand and restore the balance that will yield stable prices over time.

It’s impressive that a government official as steeped in economics as Powell is has such a deep misunderstanding of the situation.

It’s not a matter of slowing demand growth, it’s a matter of slowing government demand growth. The private economy, especially when it’s not competing with government for goods and services—and for the inputs to those goods and services—will easily and efficiently take care of itself, with changing supply and demand comprising self-correcting stabilizers on our economy.

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They Should Take Him Up on His Offer

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Many California local jurisdiction officials dispute with California Governor Gavin Newsom (D) over which has the larger responsibility for the homelessness rampant in those jurisdictions and what action should be taken to mitigate the problem. As a result of the dispute,

Mr Newsom recently put a temporary freeze on $1 billion of state grants for city and county homelessness programs. He also rejected a slate of proposals from local officials outlining how they would spend the money, saying the measures would have reduced homelessness statewide by 2% between 2020 and 2024, which he deemed inadequate.

In response,

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NASA Finally Got It Off

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After two failed launch efforts, canceled due to hydrogen leaks during fueling, NASA finally got its Lockheed Martin Corp-built Artemis I to launch Wednesday morning on its multiple-week mission to the moon and back.

But not until after another hydrogen leak had to be fixed.

On Tuesday, NASA’s launch team for Artemis I was able to fuel the SLS liquid hydrogen tank relatively easily. A valve used to top off the tank, however, later began leaking, prompting the agency to send a so-called “red crew” of three people out to the launchpad to tighten the valve’s bolts.

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DHS Responsiveness

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House Republicans have put Department of Homeland Security management on notice to hold onto a variety of data; they’ll be investing the department if they win a majority of the House this Tuesday (and the out-days of vote “counting”).

House Oversight and Reform Committee Ranking Member Congressman James Comer (R, LA) has warned Department of Homeland Security Secretary Alejandro Mayorkas that Republicans would seek to hold him and his agency accountable for the ongoing crisis at the southern border should they win in next week’s midterm elections.
“We cannot endure another year of the Biden Administration’s failed border policies,” Comer and his fellow committee Republicans wrote to Mayorkas, per the Washington Times. “We have written DHS fifteen times this Congress to conduct oversight over the border crisis. Again, we request documents and information to understand the Biden Administration’s plans, if any, to secure the border.”

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National Defense Authorization Act

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This bill is intended to fund our national defense effort, it’s an annual bill, and the one for 2023 is being put together these days.

Here’s some of what the Progressive-Democratic Party Senators insist on including in it, things which they insist are critical to our national security.

  • an amendment to address high credit card fees
  • an amendment to exempt foreign graduates of American universities with advanced degrees in science, technology, engineering, and math from annual green card limits
  • an amendment to stop federal employees from being reclassified as political appointees without the consent of Congress
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Backdoor Guaranteed Income

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The DC city council is getting ready to give holders of the city’s municipal bus and rail system fare cards a recurring $100 balance. Card holders will have that much fare money given to them, repetitively, by the taxpayers among the District’s residents (given to themselves to the extent there’s overlap between the two groups).

A slice of guaranteed income for council-approved persons. If Mayor Muriel Bowser’s (D) government were serious about lowering city transportation costs for its residents, those personages could, instead, simply lower the fares, so that all the residents could share in the program.

But, no….

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One Simple Fix

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Nearly $2 trillion were appropriated and allocated in early 2021 to the States by the Progressive-Democratic Party-controlled Congress and the Progressive-Democrat President. Those trillions were intended to help the States mitigate the outcomes from the Federal and State governments’ response to the Wuhan Virus situation then in full bore.

Most of that money remains unspent by the States, and much of what was spent went to programs wholly unrelated to digging out from under the governments’ responses.

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Contempt for our Constitution

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President Joe Biden (D) has canceled thousands of dollars of student loan debt with a few swipes of his Executive Order pen. Lay aside the amorality of that, and lay aside, too, the enormous cost of his move.

It’s blatantly illegal.

January 2021…the Department of Education issued a legal memo saying the education secretary “does not have the statutory authority to cancel, compromise, discharge, or forgive, on a blanket or mass basis, principal balances of student loans, and/or to materially modify the repayment amounts or terms thereof.”

House Speaker Nancy Pelosi (D, CA) Biden didn’t have the power to cancel student debt.

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Chamber of Commerce and the Progressive-Democratic Party

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The US Chamber of Commerce decided in 2020 to endorse a number of first-term Progressive-Democratic Party Congressmen on the theory that Party would control Congress after the elections and in the expectation, tacitly agreed to if only by their silence, by those Party endorsees. Fifteen of those twenty-three first-termer endorsees were reelected.

So, how’d they do regarding Chamber of Commerce wishes and expectations?

Every one of the 15 voted for the $1.9 trillion spending bill in March 2020, despite Chamber opposition to sweeping jobless benefits that stoked labor shortages and stimulus checks that fed inflation. They also voted for the PRO Act, a radical pro-union rewrite of labor law.

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Climate and Party

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Here is the Progressive-Democratic Party’s goal with the Build Reduced Back Act just passed unilaterally by Party in the Senate and about to be passed unilaterally by Party in the House, in a nutshell as summarized by the Wall Street Journal:

[It] won’t reduce inflation, won’t reduce the budget deficit, and it won’t reduce the world’s temperature. What it will do is transfer some $369 billion from taxpayers and drug companies to the pockets of green energy businesses and investors.

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