Tag Archives: fiscal responsibility

The Festivus Report

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On Friday, Fox News posted an article about Rand Paul’s annual Festivus Report.

The article reports:

Sen. Rand Paul, R-Ky., released his annual Christmas “Festivus” report Friday for the ninth year in a row, outlining $900 billion in government waste. 

Among notable instances, the National Institutes of Health allocated funds to study Russian cats on treadmills, photos of Barbies were utilized as identification to obtain COVID relief funds, the Department of Defense lost $169 million of outdoor-stored military gear, $6 million went towards tourism in Egypt by the United States Agency for International Development, and the Small Business Administration provided over $200 million to “struggling” music artists such as Post Malone, Chris Brown, and Lil Wayne.

Up from $30 trillion in debt in 2022, this year’s debt amounts to $34 trillion, the report also highlights. 

“Who’s to blame for our crushing level of debt? Everybody,” Paul wrote in the report. “This year, members of both parties in Congress voted to raise the debt ceiling, which empowered the government to borrow an unlimited amount of money until 2024. As Congress spends to reward its favored industries and pet projects, the American taxpayers are forced to pay the price through record–high inflation and crippling interest rates.”

He added: “The same big spenders teamed up, yet again, to continue sending Americans’ hard-earned money to foreign countries and funding endless wars, all while ignoring our porous southern border.”

The article concludes:

The Congressional Budget Office forecasts a staggering increase in national debt, estimating an average addition of $2 trillion annually for the coming decade. This translates to over $5 billion in debt daily over the next 10 years. 

“As always, taking the path to fiscal responsibility is often a lonely journey, but, as I’ve done in years past, I will continue my fight against government waste this holiday season,” Paul wrote. 

Last year, Paul’s report broke down $482 billion in wasteful spending, from the billions spent giving COVID relief funds to ineligible people to a $118,000 study on whether Marvel movie villain Thanos would really be able to snap his fingers while wearing the Infinity Gauntlet.

Until the uni-party is unelected in Washington and in many of our states, we can expect more of the same.

 

Part Of A Trend?

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On December 11th, The Daily Caller posted an article about a man who switched his party allegiance from Democrat to Republican. He had worked as an advisor to Bernie Sanders and as a fundraiser for Joe Biden. So why did he change his mind?

The article reports:

But despite my active involvement in the Democratic Party, the concerns I hold regarding the party’s direction in recent years can no longer be ignored. 

I love our country. That is why I can no longer remain in today’s Democratic Party, a party that is focused on dividing us by radicalizing every issue and undermining our rights enshrined in the Constitution. 

The main reason I am leaving the Democratic Party is its utter disconnect with the American people. The party that once championed the working class has now been overtaken by elites in affluent hubs who couldn’t care less about the struggles of the average American. This shift has left many Americans, including myself, unheard and feeling like an afterthought of the Democratic Party. 

The party’s shortcomings in education have played a significant role in my departure. They have declared war on concerned parents like myself, labeling them “domestic terrorists,” for expressing their opposition to radical curricula that disseminate sexual content to young children. The party’s emphasis on “progressive ideology” in schools, at the expense of parental involvement and a robust STEM education, raises legitimate concerns about the future preparedness of our children. It’s time to shift our focus back to the fundamentals that ensure our children’s success, thereby building a foundation for a more prosperous society. 

Also, the Democratic Party’s shift toward identity politics has steered us away from the timeless belief of judging individuals by their character, and not by the color of their skin or similar characteristics. The weaponization of race and gender identity for partisan political purposes does a significant disservice to Dr. Martin Luther King Jr.’s legacy, and is a detriment to us all.

The article concludes:

This difference between stated values and actual behavior undermines the trust that citizens should be able to place in their government. As I reflect on these issues, I am compelled to seek a political home that aligns with a commitment to judging individuals by their character, fostering accountability, and advancing the well-being of all Americans.

By joining the Republican Party, I am not abandoning my values. Instead, I’m seeking a political home that aligns more closely with my vision for a free, united, and prosperous America. The Republican Party, with its emphasis on individual freedoms, fiscal responsibility, and a commitment to addressing the concerns of all Americans, offers a new path forward — one that I am eager to explore as I re-enter the political arena. 

Please follow the link to read the entire article. He makes a lot of sense.

We Need Fiscal Responsibility In Washington

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On Friday, The Washington Examiner posted an article about this year’s budget deficit. One of the conclusions that can be drawn from the numbers is that so far electing Republicans to the House of Representatives has not had any impact (actually that’s because the lame-duck Democrat Congress passed bills that limited the 2023 Congress’ ability to curtail spending). However, now we have a speaker who seems to be less likely to continue previous shenanigans. The next few weeks are going to be very interesting in terms of the budget process.

The article reports:

The United States is increasingly losing the war against red ink.

Per new Treasury Department figures, the U.S. government is courting a worsening fiscal crisis. Officially, Treasury Secretary Janet Yellen said the federal government ran a $1.7 trillion deficit for fiscal 2023, which ended Sept. 30. That’s up from a $1.4 trillion federal budget deficit posted in 2022.

But as highlighted by the Committee for a Responsible Federal Budget, Yellen’s math ignores another $300 billion in debt incurred by President Joe Biden’s student debt cancellations, bringing the actual total of the deficit under the president to a full $2 trillion. Fix that adjustment for fiscal 2022, and that year’s deficit amounted to a little less than $1 trillion.

This means that in just one year, sans recession and sans war, the federal government under Biden managed to double the deficit by more than $1 trillion. And in large part, it’s all thanks to his embrace of inflation, or at least inflationary spending.

Broadly speaking, the explosion of our national debt, which is now the size of the nation’s annual GDP, is primarily driven by our growth of government spending. While the rest of the nation pays handsomely for inflation with their paychecks, reduced in real terms of purchasing power, our wealthiest generation profits from the pockets of taxpayers. Thanks in large part to the cost-of-living adjustments for our entitlement programs, the three greatest categories of federal budget outlays — Social Security ($1.4 trillion), Medicare ($848 billion), and Medicaid ($616 billion) — grew by 11%, 12%, and 4%, respectively, from just last year.

The article concludes:

The stratospheric surge in bond yields should serve as a warning to Washington that even if the Fed won’t force the government to slow down the spending, the nation’s creditors will not continue to bankroll Uncle Sam without him paying a hefty premium for the privilege. While underlying demographic trends and the inherent, gerontocratic structure of entitlements predestined the nation to a certain fiscal fiasco long before the pandemic, the bipartisan embrace of wartime borrowing, and then Biden’s decision to double down on inflationary policy, have put the country on the path where not even the Fed can fight the deficit disaster on its own.

If Washington won’t listen to the Fed, perhaps it will begin to listen to creditors as the coffers continue to run dry.

We can’t afford to fund wars all over the world. The defense contractors love it, but the country will be destroyed by the debt incurred.

Things That Would Unite America

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Americans have a lot of political disagreements right now. We have some pretty wide divisions. However, there are some things that the majority of us agree on. Policies based on issues of agreement would unite us. On Friday, The Daily Signal posted an list of twelve principles that unite us as Americans. See if you agree with the list.

Here is the list:

1. Protect Our Vote.

2. Secure Our Border.

3. No More Debt.

4. Stand Up to China.

5. Don’t Raise Taxes.

6. Stop the Woke.

7. Cut Red Tape.

8. Sleep Safe at Night.

9. Stop Big Tech.

10. Deliver School Choice.

11. Empower Patients, Not Government.

12. Make Our Streets Safe.

Protecting our vote means making it easy to vote legitimately and hard to cheat. Securing our border means finishing the fence and enforcing present laws. No more debt, standing up to China, and not raising taxes are things that would obviously unite us. Stopping the woke means reminding Americans that we are all Americans regardless of race, color, ancestry, etc. We need to end any vestiges of racism in America–that does not mean simply supporting racism on the part of a different group. Cutting red tape allows the economy to grow more quickly and reduces the cost of living for everyone. Regulations are expensive to consumers. Sleep safe at night refers to keeping the level of America’s defensive forces high enough to defend us.

The last four items on the list are obvious. We have wandered into a world where we are spied on and manipulated by our government and by big tech. This needs to stop. We need school choice to insure that the upcoming generations will have the critical thinking skills to protect the freedom that we in America enjoy. Getting the government out of healthcare will decrease the cost for everyone and will provide a path for everyone to receive the healthcare they need. Making our streets safe includes not only making sure we have enough law enforcement, but teaching our children (and grownups) to respect the police and follow any instructions given by the police. Police shootings generally don’t happen unless someone is resisting arrest or shooting at the police. We need to remember that.

This list is very obvious, but it illustrates the fact that we have not done our job as informed voters. In the future we need to elect people who will work toward unifying principles–not ideas that tear the country apart.