GOP plans to rein in Biden's reckless spending

 The Hill:

...

In his speech forecasting the coming proposal earlier this week, McCarthy reiterated a plan to cap fiscal 2024 nondefense discretionary spending at fiscal 2022 levels. The plan also would involve capping spending growth annually at 1 percent over the next decade.

Defending the caps in his address to Wall Street on Monday, McCarthy pointed to previous spending caps secured as part of the debt limit compromise struck in 2011 between the Obama administration and a GOP-led House, calling the spending limits “largely successful.”

“Discretionary spending flatlined and overall spending growth slowed dramatically. Our legislation accomplishes the same goal,” he argued. However, there is disagreement among some Republicans about how effective the previous caps proved in curbing spending.

Some hard-line conservatives think that the debt bill should go further, with Rep. Bob Good (R-Va.) suggesting reverting to fiscal 2019 levels.

“It’s reasonable now that the emergency is over for us to go back to pre-COVID spending,” Good said.

Democrats and agency heads have raised concerns about what the proposed restrictions could mean for social programs millions of Americans rely on.
...

Biden's reckless spending has caused some of the worst inflation in 40 years and he does not seem to care.  Now he is threatening a default if Republicans do not go along with his reckless spending.

One of the cuts the Republicans have in mind is reining in some of the Big Green agenda.

Comments

Post a Comment

Popular posts from this blog

Should Republicans go ahead and add Supreme Court Justices to head off Democrats

Washington Post: Some Democrats eye adding more justices to the Supreme Court to change its ideological bent The once-remote idea has gained the attention of liberals angered by the GOP push to remake the federal courts. Probably the easy way to defeat this court-packing scheme is for Trump to propose doing the same thing now.  It would lead to Democrat denunciations and claims that it would be wrong, thereby blowing up any attempt by them in the unfortunate event of Democrats winning a presidential election.
Read more

Is the F-35 obsolete?

Headline USA: Pentagon Fires Back after Musk Calls Its Most Expensive Project ‘Obsolete’ 'Yeah, as I'm sure you can appreciate, Mr. Musk is, currently, a private citizen, I'm not going to make any comments about what a private citizen may have to say about the F-35....'   ... ... Drones appear to be replacing jets for many operations.  The Russia-Ukraine war is an example of that.  Drones are often hard to detect and can be used for intelligence operations as well as for attacking enemy targets.  It would not surprise me to see drones engaging other drones in combat.  They also cost much less than manned fighters.  
Read more

Apple's huge investment in US including Texas facility

Blaze: Apple announced a $500 billion commitment to infrastructure in the United States over four years, its largest commitment to domestic spending to date. Apple said it will expand teams and facilities in Arizona, California, Iowa, Michigan, Nevada, North Carolina, Oregon, Texas, and Washington as part of its new spending. With a new facility in Houston, Texas, Apple will reportedly double its investment in advanced manufacturing along with increasing investments in AI and silicon engineering. The company said in a press release that the Houston facility will produce servers to support Apple Intelligence, the "personal intelligence system that helps users write, express themselves, and get things done." ... The Texas facility will be for advanced technologies.   Texas has become a place that is very supportive of the tech industries.  Austin and Houston have seen much of the tech growth in the state.  Texas universities have been active in the AI field.
Read more