Tuesday, December 29, 2020

Washington Drowns In Red Ink - Frank Vernuccio

Washington Drowns In Red Ink - Frank Vernuccio
“...For the third year in a row, members of Congress have set a record for the cost of earmarks during the supposed earmark moratorium. 
...Legislators added $15.9 billion in earmarks in FY 2020, an increase of 3.9 percent from the $15.3 billion in FY 2019. 

...They are, in essence, a means with which powerful members of Congress buy votes to guarantee their re-election. 
...In the past, the organization explains, Members of Congress were required to add their names to earmarks, at least giving the public some insight to who was abusing the process, this is no longer the case. 
...The National debt, according to Debt Clock.org as of this writing stood at over $27 trillion. 
CAGW notes...One estimate suggests that the pandemic will add $8 trillion to CBO’s FY 2030 projection, for a total of $44.2 trillion.”
...in 2017 that the debt at the end of 2008 — just before Obama took office — stood at roughly $10,699,805,000,000. 
The debt as Obama left office stood at $19,573,445,000,000. 
Despite that near-doubling of the debt, it is difficult to find any gains in key areas during his administration....Read all.

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