MCViewPoint

Opinion from a Libertarian ViewPoint

Posts Tagged ‘Senate’

The Senate Calls Out-of-Control Spending a National Security Threat, Keeps Spending Anyway.

Posted by M. C. on April 2, 2024

Congress should also pass legislation requiring any new spending to be offset by cuts in other federal spending and forbidding the Federal Reserve from purchasing federal debt instruments.

by Ron Paul

https://ronpaulinstitute.org/the-senate-calls-out-of-control-spending-a-national-security-threat-keeps-spending-anyway

Last month, the US Senate passed a resolution saying the over 34 trillion dollars (and growing) national debt threatens national security. A few days later, a bipartisan majority of the Senate voted for a 1.2 trillion dollars spending bill. In addition to the usual increases in war and welfare spending, the bill funds gender transitioning for minors without parental consent and red flag laws, which allow law enforcement to seize an individual’s firearms without due process.

Before passage of the latest spending bill, the Congressional Budget Orifice (CBO) released a report predicting that the national debt would exceed the prior record of 106.4 percent of gross domestic product (GDP) by 2028. Interest payments on the national debt are estimated to reach 870 billion dollars this year, more than the government will spend on the military. The CBO estimates that, unless Congress cuts spending (which is highly unlikely), by 2051 interest on the debt will exceed not just military spending but spending on the two biggest items in the federal budget — Social Security and Medicare.

As Eric Boehm of Reason magazine points out, the CBO report understates how much federal spending will grow in the next several decades since it cannot predict what “crises” future congresses and presidents will exploit to ramp up federal spending. As Boehm suggests, someone projecting 30 years ago how much government would spend in the future would not have included the increase in spending due to 9/11, the subsequent creation of a homeland security-industrial complex, the “forever” wars in Afghanistan and Iraqi, the housing meltdown, or the covid lockdown. The hypothetical budget projection would also not have predicted legislation like the Medicare prescription drug benefit or Obamacare.

The large and growing interest on the national debt puts pressure on the Federal Reserve to keep interest rates low. The Federal Reserve’s rate increases, though relatively small, are one reason national debt payments rose by 32 percent since last year.

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‘Buckle Up!’ – Schumer Hyperactive After Dem Senate Victory!

Posted by M. C. on January 6, 2021

A massive GOP failure on all fronts.

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Degradation of Senate is reflected in lawless legislating – Erie Times E-Edition Article

Posted by M. C. on February 16, 2020

This demonstrated that Congress cannot repeal Obamacare but will not pay for it. Amendments were not allowed, debate was limited to 90 minutes, and the Senate voted on the bill less than three days after it was unveiled. “Senate leadership clearly didn’t want it to be understood or discussed,” Cassidy said.

Follow the link below to view the article.
Degradation of Senate is reflected in lawless legislating
http://erietimes.pa.newsmemory.com/?publink=1798b6edd

Shortly before the Senate, sitting as an impeachment court, contemplated the president’s misbehavior, it demonstrated its own flair for disregarding rules and violating norms. Done with bipartisan bonhomie, the episode illuminates the decay of government.

Bill Clinton’s finest achievement as president, the North American Free Trade Agreement, passed in December 1993 with more Senate and House support from Republicans (34 and 132) than from Democrats (27 and 102). Many Democrats predicted devastation of U.S. manufacturing, and Donald Trump was characteristically Cassandra-like. Today manufacturing capacity is 66 percent larger than in 1994.

Undeterred by evidence, candidate Trump termed NAFTA a “disaster” and “the worst trade deal maybe ever signed anywhere.”

As president he is replacing it with the United States-Mexico-Canada Agreement (USMCA), which is remarkably similar to NAFTA, with two significant exceptions: It is the first U.S. trade agreement designed to decrease trade, and it is a larded with Democratic policy objectives.

As Sen. Pat Toomey, R-Pennsylvania, notes, under NAFTA there were zero tariffs on 100 percent of manufactured goods and 97.5 percent of agricultural products that crossed the three nations’ borders. U.S.

exports to Mexico increased 500 percent. The USMCA’s constructive modernizations of NAFTA – the enormous digital economy did not exist in 1994 – are, Toomey says, “mostly taken from the Trans-Pacific Partnership,” which was negotiated by the Obama administration, and for that reason was anathema to Trump. His scrapping of the TPP was a gift to China.

The USMCA ends free trade in automobiles and auto parts with Mexico: By imposing impossible minimum-wage requirements on Mexican factories, the USMCA guarantees that cars and parts will be subject to tariffs – taxes paid by U.S.

consumers. The USMCA also compels Mexico to change its labor laws to promote unionization. And the provision that the USMCA expires in 16 years is, Toomey says, “designed to have a chilling effect on investment.”

He notes that members of Congress who have opposed every trade agreement before this one support it, as does the AFL-CIO, which generally opposes free trade agreements.

The USMCA’s substance is regrettable. The process that produced it was even more so because it was lawless.

Agreements that fully comply with the Trade Promotion Authority (TPA) cannot be amended and can be passed by a simple majority. But the USMCA did not comply: The implementing legislation was not submitted to Congress 30 days before a committee or floor vote on it, a requirement necessary if Congress is to perform its constitutional duty to establish trade policy. Also, the TPA requires that the implementing legislation contain only provisions “strictly necessary or appropriate” for implementation. Otherwise, the TPA’s expedited process could be used to sneak extraneous matters into law without adequate scrutiny, or possible opposition through amendment, or a 60-vote threshold. But for the first time ever, implementing legislation contained appropriations, $843 million, including $50 million for salaries and expenses for the Office of the U.S. Trade Representative, which was designated an “emergency.”

The Senate and its once formidable Finance Committee are, Toomey believes, being “marginalized” and made “irrelevant” as the executive wields authority delegated to it by Congress – but without Congress insisting on compliance with the terms of the delegation. The question, Toomey says, is: “Are we willing to enforce our own law that governs the proceedings of this body?”

Sen. Bill Cassidy, R-Louisiana, felt similarly in December when Congress “passed a $1.4 trillion spending extravaganza, complete with half a trillion dollars in tax cuts and a bevy of favors for special interests – all without debate and without committee consideration, based on decisions made by the bill’s sponsors over a weekend.” The $300 billion “Cadillac tax,” a restraint on lavish employer-provided health plans, was repealed.

This demonstrated that Congress cannot repeal Obamacare but will not pay for it. Amendments were not allowed, debate was limited to 90 minutes, and the Senate voted on the bill less than three days after it was unveiled. “Senate leadership clearly didn’t want it to be understood or discussed,” Cassidy said.

In the 116th Congress, now in its second year, there have been, Toomey notes, votes on just 20 amendments – one was a “sense of the Senate” legal nullity, four were “noncontroversial or largely devoid of substance,” six “were killed using a procedural maneuver,” and none of the other nine “came close to passage.” The Finance Committee has held one substantive markup in 13 months.

The president’s institutional vandalism is partially explained, although not excused, by the breadth and depth of his ignorance concerning the manners and mores of a republic. The Senate’s self-degradation is even more depressing.

George Will

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