3/26/15 Drug Money
A drug enforcement agent once told me. You can be a casual drinker. You can occasionally smoke marijuana. But heroin. Take it once and you’Â€Â™re hooked.
That’Â€Â™s how I view Congress and spending money. Once they take that drug of reckless spending they’Â€Â™re addicted.
Last election, Congressional Republicans returned from the wilderness. They took control of both chambers of Congress for the first time since 2006.
As a party, they campaigned on being more responsible with spending than Democrats. If they are then it’Â€Â™s only relative. Perhaps they should have campaigned on the slogan “Â€ÂœWe’Â€Â™ll take the nation to bankruptcy slower than our opponents.”Â€Â
The House GOP released its proposed budget last week. Hereâ€™s their position. â€œWeâ€™ll spend money we donâ€™t have today with the promise of spending within our means. Later.â€ Later never comes. Future Congresses are not bound by the promises made by todayâ€™s Congress. To be fair, the House budget is more thrifty than the president’s proposed budget. Barely.
As a share of GDP, the House proposes spending of 20.3%. Versus the president’Â€Â™s 21.3%. Big whoop. Both budgets propose deficit spending for as far as the eye can see. Until later. Which never arrives.
If only we could send all of Congress –Â€Â“ Republicans and Democrats –Â€Â“ to the world’Â€Â™s biggest rehab center.