It is official the GOP is in control of the House and now that the Repubs are in power we will have what we have been promised….fiscal responsibility.
First if you believe this steaming pile of horse manure then I have a slightly used bridge in Brooklyn I would like to sell you.
Their first fiscal response was to eliminate the metal detectors….next was to authorize smoking in the House….then came another give away for Ukraine….
Since Russia launched its invasion of Ukraine less than one year ago, Congress has approved more than $113 billion of aid and military assistance to support the Ukrainian government and allied nations. The Fiscal Year (FY) 2023 omnibus appropriations package included an additional $47.3 billion of emergency funding to provide humanitarian, military, and economic assistance to Ukraine on top of the $65.8 billion of funding already approved in three other emergency funding packages enacted by Congress.
Of the $113 billion approved in 2022, about three-fifths ($67 billion) has been allocated toward defense needs and the remaining two-fifths ($46 billion) to nondefense concerns such as general Ukrainian government aid, economic support, and aid for refugee resettlement. The Congressional Budget Office (CBO) provided cost estimates of the four funding packages at the time each was passed. In total, CBO estimated that $6.6 billion of the $113 billion would be spent in FY 2022 and another $37.7 billion in FY 2023. Furthermore, CBO estimated more than half of the approved funds would be spent by the end of FY 2024 and more than three-fourths by the end of FY 2026.
So where will the fiscal responsibility kick in?
Republicans in Congress have been eager to position themselves as the fiscally responsible counterweight to what they consider budget-busting and inflation-increasing overspending from the Biden administration. But just two weeks into their new majority, House Republicans have shown their true colors, and it’s more likely than not that they will make our nation’s fiscal problems even worse.
The first bill passed by the new majority would repeal $71 billion in new funding for taxpayer services and enforcement by the Internal Revenue Service (IRS) that Democrats passed last Congress. But an official score from the nonpartisan Congressional Budget Office found that this bill would also reduce revenue collections by $186 billion over the next decade because it would undermine the agency’s ability to make wealthy tax cheats pay what they owe.As a result, the first act by the new House majority would actually increase deficits by roughly $114 billion.
New House majority shows its true colors on ‘fiscal responsibility’
Nice to see nothing will change…the GOP will be all talk with little or no action.
“Fiscal Responsibility” is demon-speak for attacks on social programs that benefit the population.
I Read, I Write, You Know
“lego ergo scribo”
10 thoughts on “Now We Will Have Fiscal Responsibility”
As you say, they will cut help for the needy, and spend it on weapons instead. It’s the same here, nothing changes.
Best wishes, Pete.
It is inevitable when Repubs are in power….they talk a great game and fail all the way around. chuq
First of all, Republican presidential pretender, Trump, drove the budget higher t han it had ever been before … secondly, the Republicans have always promised fiscal responsibility while spending as much or more money than democrats …and the only actions the current bunch of rethuglian idiots will take will be actions that make life worse for everybody. That is their nature and it is based in what I believe to be their impaired cognitive functions. I think a lot of them have never progressed beyond sleeping with their sisters.
Like I said a familiar song and the same turn…..chuq
Reblogged this on https://limingslynkz.com/ and commented:
Here, my friends and neighbors, is a very discerning and perceptive analysis of the mental affliction that causes otherwise sensible people to vote for right wing radical politicians. Thanks again to “In Saner Thought ” who I think is one of the most dependable sources of truth in the country today.
THanx for the re-blog….as always much appreciated chuq
thanks for the wisdom and the common sense that you share.
You are very welcome. chuq
Fiscal responsibility would insist on having the 1% step up.
True and we know the GOP will never ask that of them chuq