Index Investing News
Saturday, April 25, 2026
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

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

by Index Investing News
December 25, 2024
in Opinion
Reading Time: 3 mins read
A A
0
Home Opinion
Share on FacebookShare on Twitter



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.



Source link

Tags: ChristmasgoodiestaxfundedTreeTrimsWashington
ShareTweetShareShare
Previous Post

Basic Meeting approves $3.72 billion UN funds for 2025 — World Points

Next Post

New Baggage Guidelines for Flights Prohibit Passengers to One Cabin Bag

Related Posts

Why Dhaka is watching Bengal elections closely

Why Dhaka is watching Bengal elections closely

by Index Investing News
April 21, 2026
0

On April 23 and 29, West Bengal will head to the hustings, to elect a new state assembly. This is...

What one needs to build a tech unicorn: A dream, some employees and lots of AI hype

What one needs to build a tech unicorn: A dream, some employees and lots of AI hype

by Index Investing News
April 17, 2026
0

Investors’ appetite to back companies created by breakaway former employees of top AI labs is insatiable. Last July, OpenAI’s former...

Existing US Home Sales Plunged In March, Despite Falling Mortgage Rates – FREEDOMBUNKER

Existing US Home Sales Plunged In March, Despite Falling Mortgage Rates – FREEDOMBUNKER

by Index Investing News
April 13, 2026
0

Affordability-aiding lower mortgage rates battled a sentiment-sapping surge in geopolitical panic in March, with analysts expecting the latter to outweigh...

What the GOP can learn from listening to voters instead of consultants –
Las Vegas Sun News

What the GOP can learn from listening to voters instead of consultants – Las Vegas Sun News

by Index Investing News
April 9, 2026
0

Thursday, April 9, 2026 | 2 a.m. For the political class, the arrival of the primary season is like opening...

rethinking retail to serve both consumers and independent retailers

rethinking retail to serve both consumers and independent retailers

by Index Investing News
April 1, 2026
0

Ed von Gericke|Published 2 days agoIn today’s cost-conscious, hyper-competitive retail landscape, shoppers are making tough trade-offs to stretch their budgets amid rising...

Next Post
New Baggage Guidelines for Flights Prohibit Passengers to One Cabin Bag

New Baggage Guidelines for Flights Prohibit Passengers to One Cabin Bag

Solana Sees Constant Capital Inflows Since 2023 – Liquidity Inflow Indicators Progress

Solana Sees Constant Capital Inflows Since 2023 – Liquidity Inflow Indicators Progress

RECOMMENDED

Rep Ire 0 – 2 England

Rep Ire 0 – 2 England

September 7, 2024
Ulta, Affirm, Marvell and more

Ulta, Affirm, Marvell and more

August 29, 2022
Bitcoin NUPL Suggests Bear Market But To Hit In Full Swing

Bitcoin NUPL Suggests Bear Market But To Hit In Full Swing

March 21, 2022
Lazio need Chelsea star Ruben Loftus-Cheek as substitute for Man Utd goal Milinkovic-Savic

Lazio need Chelsea star Ruben Loftus-Cheek as substitute for Man Utd goal Milinkovic-Savic

May 3, 2022
XRP to ? Technical Analyst Lays Out the Roadmap

XRP to $50? Technical Analyst Lays Out the Roadmap

April 18, 2025
Meghan Markle Celebrates Prince Harry Marriage ceremony Anniversary With TONS Of Wonderful By no means-Earlier than-Seen Pics! LOOK!

Meghan Markle Celebrates Prince Harry Marriage ceremony Anniversary With TONS Of Wonderful By no means-Earlier than-Seen Pics! LOOK!

May 19, 2025
Lawrence Kissko & Graham Robertson, Man AHL – Trend-Following in Inflationary Environments (The Best Investment Writing Volume 6) – Meb Faber Research

Lawrence Kissko & Graham Robertson, Man AHL – Trend-Following in Inflationary Environments (The Best Investment Writing Volume 6) – Meb Faber Research

September 3, 2022
‘Jamaica Mistaica’: Jimmy Buffett Song Inspired After Plane Sprayed by Gunfire

‘Jamaica Mistaica’: Jimmy Buffett Song Inspired After Plane Sprayed by Gunfire

September 2, 2023
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In