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Need an example of why the government doesn’t need any more of your money? Take a look at the Superstorm Sandy relief measure, expected to pass Congress soon.
The final $50 billion in emergency aid will eat up, and surpass, the money funded through the recently approved, “fiscal cliff” tax increases.
The fact is, the cliff just keeps getting taller.
With the one vote, the storm’s spending bill will far surpass the $40 billion in additional tax revenue from the 2013 increases. With it, Congress is already $20 billion in the hole.
Of course that’s chump change compared to what the federal government is used to spending, so who’s even paying attention.
Well, somebody should care—and soon.
No one in Congress is seriously considering any cuts to offset the additional spending. And the President? Dream on.
“The Sandy aid packages swallowed more than the tax increases,” Matt A. Mayer, a visiting fellow at the Heritage Foundation , stated in a Washington Times story. “Washington just doesn’t get the severity of our fiscal condition.”
We don’t begrudge the folks hurt by the storm to get some financial help. But what shouldn’t be happening with the bill is for it to be filled with government pork and for it to be paid for without Congress coming up with spending cuts to account for the funds going out. From the federal government’s perspective, it’s OK to spend $60 billion in additional funds, even if you only have $40 billion in the bank. It’s easy to be generous if you’re not worried about where the money to cover your generosity is going to come from.
One conservative group—the free-market Club for Growth— called for some rational thought stating: “Instead of passing a pork-filled bill packed with non-emergency spending items, Congress should pass a disaster relief-only bill that is fully offset with spending cuts elsewhere and contains measures to ensure accountability over billions in taxpayer dollars.”
You could almost hear the laughter generated in D.C. over that thought all the way in California.
And so, the spending continues.
The expected deficit this year in federal spending: $1 trillion, nothing that a nice-sized coin can’t handle, if you listen to the rhetoric by some lawmakers.
The federal government has lost all sense of reality, when it comes to spending.
But, then, who’s counting anyway.