We will reschedule in warmer weather, date to be announced.
Any day now, Congress is likely to release the trillion-dollar Trojan horse that is the spending bill for 2014. It’s going to be big, and it’s going to be rushed. And few members of Congress (if any) are going to read it all.
Government budgeting isn’t supposed to be done this way.
It takes 12 spending bills to fund the entire government. But in an omnibus—the type of bill experts are expecting—Congress throws all of those together and just votes once on the whole thing.
This type of rushed, bloated spending bill is guaranteed to include ineffective government programs, giveaways to corporate cronies, and pork projects. And these are not harmless—taxpayers are funding each and every one. This approach will increase spending, waste taxpayer dollars, and raise our national debt.
Lawmakers will say they can’t find any room to cut spending, but the Heritage Foundation has some ideas for them! Click here to find out what they are.
Still, five years into the Obama presidency, the economy is grossly underperforming. Contrary to the dominant media narrative, it’s not bad luck or the financial crisis to blame, but bad policies — from the $860 billion “stimulus” that didn’t stimulate to the Dodd-Frank financial reform that killed lending.
Last year was a challenging one for entrepreneurs and other productive Americans. No fewer than 13 new taxes were put into place. Big government now consumes one of every four dollars of our GDP and is getting bigger.
Entering 2014, we face problems, including taxes and spending, that neither the White House nor Congress is addressing. In the following charts, we look at a few of the more alarming and intractable ones.
Read More At Investor’s Business Daily.