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Washington trims the ‘Christmas tree’ with tax-funded goodies

by Index Investing News
December 25, 2024
in Opinion
Reading Time: 3 mins read
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When Washington politicians converse of a Christmas tree this time of 12 months, they aren’t referring to an precise tree. It means they’ve loaded up a invoice with one other type of “inexperienced,” the type that’s embellished with cash.

The “bipartisan” invoice handed simply earlier than midnight final Friday, minutes earlier than a authorities “shutdown,” can be a humiliation to anybody however the politicians who voted for it.

Like Christmas, this state of affairs will get performed out virtually yearly with no regard for the rising debt.

The primary invoice was greater than 1,500 pages. Elon Musk denounced it and instantly it shrunk to over 100 pages, however that was too little for the massive spenders.

What handed final week (118 pages) might take days to digest, however you could be certain of 1 factor: Pork is a part of it. At all times is.

Rep. Invoice Posey (R-Fla.) has compiled a naughty record of misspending courting again to 2009.

This can be a tiny portion of a for much longer record. Name it the “golden oldies” of spending, which is an dependancy shared by members of each events and can proceed until members enter an financial “detox” program.

As The Bard famous: “What’s previous is prologue.”

Greater than $104 million went to the Aleutian Islands for a harbor and an airport in a city with no connecting roads and solely 75 full-time residents.

Bear in mind the “bridge to nowhere”? That was an earmark of $223 million in 2004 for a bridge that was supposed to attach Ketchikan to Gravina Island, Alaska, inhabitants about 50.

Almost $50,000 went to the Hawaii Division of Agriculture to assist help the cacao trade throughout the Hawaiian Chocolate Competition. Chump change, I do know, however, as they are saying, it’s the precept of the factor.

An audit of the Division of Agriculture discovered round 300 staff diverted thousands and thousands of {dollars} for private purchases utilizing authorities bank cards.

Amongst these purchases have been live performance tickets to see Ozzy Osbourne, tattoos, lingerie, bartender faculty tuition, automobile funds and money advances. The audit price $100 million.

The Workplace of the Chief Data Workplace at USDA spent $2 million on an intern program. Just one intern was employed.

Outraged but? Wait, there’s loads extra.

An inspector-general audit discovered that the Division of Power didn’t find $500,000 value of “inexperienced vitality” manufacturing tools purchased with stimulus cash.

The Home Committee on Oversight and Authorities Reform estimated New York state overbilled the federal authorities by $15 billion over a 20-year interval for Medicaid prices for the developmentally disabled, an quantity that exceeded the full Medicaid budgets of 14 states.

Don’t inform me this and different entitlement applications can’t be reformed.

Almost $800,000 went to subsidize an Worldwide Home of Pancakes restaurant in what was purported to be an “underserved neighborhood.” As a substitute, it went to an IHOP within the common Columbia Heights neighborhood.

One may ask why it’s a federal duty to pay for pancakes, however that may very well be requested about hundreds of different examples of misspending. Hey, it’s not their cash, it’s our cash.

No less than a pay elevate for members of Congress didn’t make it to final week’s remaining invoice. Members ought to be having their pay minimize, not raised, for underperforming.

Maybe Vivek Ramaswamy and Elon Musk can do one thing concerning the misspending that has led to the unsustainable $36 trillion debt, with curiosity of $1 trillion simply this 12 months.

Others have tried and failed to interrupt the spending behavior.

Possibly they’ll succeed this time, however the odds are usually not good. It’s not known as “the swamp” for nothing.

Benefit from the Christmas season. Your politicians will.

Cal Thomas is a veteran political commentator, columnist and creator.



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