Economy as Political Card
And yet members of Congress would be hard-pressed to tell you where the money’s going. This isn’t just undisciplined spending. It’s looting.
I’d like to know whether the culprits will face a consequence for the travesty beyond their names’ being footnotes in an historical tale of iniquity. Not that their focus is on anything beyond the near-term pillaging. Glenn also links to this report that’s difficult not to see as pretty much the very same story:
The administration’s annual midsummer budget update is sure to show higher deficits and unemployment and slower growth than projected in President Barack Obama’s budget in February and update in May, and that could complicate his efforts to get his signature health care and global-warming proposals through Congress.
The release of the update – usually scheduled for mid-July – has been put off until the middle of next month, giving rise to speculation the White House is delaying the bad news at least until Congress leaves town on its August 7 summer recess.
The administration is pressing for votes before then on its $1 trillion health care initiative, which lawmakers are arguing over how to finance.
Can’t have the people panicking until after their representatives have already committed them to a devastating expansion of federal power.