Saturday, March 2, 2019

Discretionary spending is the first to go

House Appropriations Chairwoman Nita Lowey (D-N.Y.) announced in a letter to fellow lawmakers this week that “there is currently not the necessary bipartisan, bicameral agreement” to allow spending leaders to bring back the controversial practice of specifying that federal dollars must go to certain projects.
The announcement comes after Democratic leaders, including House Majority Leader Steny Hoyer, spent weeks working with Republicans in both chambers to secure a bipartisan deal to usher back earmarks. The deal never materialized, though Democrats in favor of the spending perk say they aren’t giving up.
Sorry, but the Swamp is debted to the max.  Small discretionary funds cannot stand the heat of volatile interest charges. Some bond defaulting and sequestering and taxing are needed to restore discretionary spending.

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