When Congress debates California’s requested $7 billion bailout, instead of looking at the benefits it could bring California, they first need to look at the source of the problem and understand the reasons why the state is in such trouble. Citizens and business owners in California are outraged that the state government continues to raise taxes while refusing to eliminate wasteful spending.
Stimulus not Stimulating
The White House announcement on May 20 of 100 projects in 100 days of the stimulus, a plan that was intended to be “timely, temporary, and targeted,” was greeted with great skepticism, including an ongoing dispute about the amount of money that has been spent and how many jobs have (or have not) been created.
Blue Dogs and PAYGO – Living in La La Land
On April 28, 2009, members of the so-called fiscally conservative “Blue Dog” Coalition introduced H.R. 2116, the “Fiscal Honesty and Accountability Act of 2009.” According to their website, the measure “would strengthen Congress’ commitment to fiscal responsibility and accountability by reinstituting statutory pay-as-you-go (PAYGO) rules. The legislation, which would require both the House and Senate to abide by PAYGO rules if enacted into law, has been a cornerstone of the Blue Dogs’ efforts to restore fiscal discipline to the federal government.”
Weatherization Assistance Program – A Perfect Storm of Potential Waste?
President Obama’s $787 billion so-called “stimulus” bill, formally known as the America Recovery and Reinvestment Act (ARRA), will have reverberations throughout the economy for years to come. The contained a wide range of new government spending programs as well as dramatic increases in existing programs, some of which had previously been funded with relatively small budgets.
The First Cut Is The Lamest, Not The Deepest
In February, President Obama introduced a $3.69 trillion budget for the 2010 fiscal year, a proposal that would, according the Heritage Foundation, increase spending by $1 trillion over the next ten years, lead to a 12 percent increase in discretionary spending, and leave permanent deficits averaging $600 billion even after the economy recovers. In a peace offering to get some political cover for this explosion of spending, President Obama called for his cabinet to make $100 million worth of spending cuts.
Obama’s Earmark Reform? ShamWow!
On March 11, 2009 President Obama signed the fiscal year (FY) 2009 omnibus appropriations bill, which contained the nine remaining 2009 spending bills worth $410 billion. After making dizzying campaign promises to eliminate congressional earmarking once he won the Oval Office, the President, out of the sight of the media, signed a bill containing thousands earmarks and schooled taxpayers on his new and revised view of earmarks.
Ethical Lapses
In November, 2006, just after the sweeping victory by Democrats in the House of Representatives, the newly-minted Speaker of the House Nancy Pelosi (D-Calif.) promised that her leadership team would create “the most honest, most open, and most ethical Congress in history.” This seems like ancient history now. Since then, the House has been rocked by several allegations of unethical conduct. Yet, the House leadership’s general reaction to the ethical violations that seem to bloom almost daily appear to follow a pattern of partisan posturing and denial, followed immediately by paralysis, and ending with little or no accountability.
Stimulus Bill Raises Questions
As the current version of the stimulus bill awaits a Senate vote and President Obama’s signature, there are still plenty of questions and concerns about whether it will in fact stimulate the economy and create jobs. As House Minority Leader John Boehner (R-Ohio) states on his website, “We need a bill that creates jobs….” One would think that this would be the goal, except it’s not always the case with this stimulus package.
Byrneing Down the House
The so-called “stimulus” bill signed by President Obama on February 17 has come under withering fire for being rife with wasteful boondoggles whose purposes are increasingly deemed to be more politically motivated than economically sound. The bill contains funding for dozens of new programs and exorbitant plus-ups for many existing programs. For example, buried in the depths of the leviathan-like bill is $2 billion for the Edward Byrne Memorial Justice Assistance Grant (JAG) program. In addition to the “stimulus” funding, Congress intends to include more money for the program in the upcoming fiscal year (FY) 2010 appropriations bills as well.
Fat Corporate Welfare Payouts
On November 4, 2008 Barack Obama won the battle for the Presidency. On January 20, 2008, he will face many difficult challenges. The national economic and financial crisis will place a heavy burden on the federal government. With a $1 trillion budget deficit projected for the current fiscal year, and a federal debt spiraling past $10 trillion, President-elect Obama ought to be preparing to trim some serious fat. Throughout his campaign, he pledged to go through the budget line-by-line in order to cut wasteful spending. While there are multiple of ways to attack government waste, eliminating corporate welfare programs should be one of President-elect Obama’s top priorities.