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PERRIN LOVETT

~ Deo Vindice

PERRIN LOVETT

Tag Archives: budget

A Pathetic Kind of Hoax

20 Sunday Dec 2020

Posted by perrinlovett in Legal/Political Columns

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bailout, budget, bullshit, Congress, fake news, Federal Reserve, hoax

I’ve stopped covering the usual bullshit budget impasses in Congress for the most part. The topic is utterly meaningless now and has been for years. And, there’s the fact that much of the available coverage is completely worthless, the fakest of hoax news. Like this load:

WASHINGTON — Senior lawmakers were working Sunday to finalize legislation on coronavirus relief after they reached a compromise late Saturday on a major hurdle holding up the expected $900 billion package.

A roadblock emerged Friday as Democrats accused Republicans, namely Sen. Pat Toomey of Pennsylvania, of trying to encumber the Biden administration by cutting off the Federal Reserve’s emergency lending abilities under the CARES Act to protect the battered economy. Lawmakers came to an agreement on the issue late Saturday, sources said.

“Now that Democrats have agreed to a version of Sen. Toomey’s important language, we can begin closing out the rest of the package to deliver much-needed relief to families, workers and businesses,” a spokesman for Senate Majority Leader Mitch McConnell, R-Ky., said late Saturday.

The only part that’s true is the “Washington” location. It’s not a shutdown, it’s a shitdown.

The Cost of Imperial Overreach

19 Monday Oct 2020

Posted by perrinlovett in Legal/Political Columns

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budget, decline, lies, military, Paul Craig Roberts

Dr, Roberts observes a few things: the dangers of appointing industry stooges, and the inanity of US military policy and spending.

Secretary of Defense Mark Esper is a former Raytheon lobbyist and another example of President Trump’s penchant for frustrating his own policies by appointing to power people who oppose his policies. Why does Trump think he can expect a representative of the military/security complex to help him wind down Washington’s hegemonic policeman of the world routine?

Esper is out making speeches that the military/security complex needs 5% real increase annually in order to counter Russia and China—https://news.antiwar.com/2020/10/16/esper-calls-for-more-military-spending-to-face-china-and-russia/ . It is Washington that is aggressive toward Russia and China, not the other way around. The military/security complex desperately needs foreign enemies in order to maximize its budget and power. Russiagate’s purpose was to prevent Trump from removing a valuable “enemy” by normalizing relations with Russia.

The US defense budget could be cut in half and still be larger than the combined defense budgets of Russia and China. China spends about half as much of its economy on defense as the US. If Russia and China intended aggression against the US, wouldn’t you expect to see much higher spending on military?

If anything, the military budget – while there’s still time – needs to be cut, radically. That and a draining of the old swamp would go a long way. Second term projects?

This is Still a Thing?

23 Tuesday Jul 2019

Posted by perrinlovett in Legal/Political Columns

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America, budget

I’ve been extra busy and I didn’t even notice the potential “shutdown” creeping up on us. Thank Heavens for Donald Trump and the wise Congress.

“I am pleased to announce that a deal has been struck,” Trump tweeted, saying there will be no “poison pills” added to follow-up legislation. “This was a real compromise in order to give another big victory to our Great Military and Vets!”

The agreement is on a broad outline for $1.37 trillion in agency spending next year and slightly more in fiscal 2021. It would mean a win for lawmakers eager to return Washington to a more predictable path amid political turmoil and polarization, defense hawks determined to cement big military increases and Democrats seeking to protect domestic programs.

Nobody notched a big win, but both sides view it as better than a protracted battle this fall.

Who Ray??

HHS Burn$ It Up

10 Wednesday Jul 2019

Posted by perrinlovett in Legal/Political Columns

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budget, Federal government, HHS, mind blown, money

The ONE Single Federal Department is spending $100 Billion PER MONTH.

In the first eight months of this fiscal year, which began in October, HHS spent $834,346,000,000, according to the Monthly Treasury Statement for May. That is up from $731,724,000,000 in the first eight months of last fiscal year.

Through all of fiscal 2018, HHS spent approximately $1,120,500,000,000 — or $93,375,000,000 per month.

Through this full fiscal year, according to the estimate published in the Monthly Treasury Statement, HHS will spend approximately $1,230,273,000,000 — or $102,522,750,000 per month.

In May alone, according to the Monthly Treasury Statement, HHS spent $146,552,000,000.

This one great reason why the FedGov rockets towards fiscal insolvency – not that they’re not technically there now, nor that any of this really matters anymore. But once upon a time, it did. For perspective, consider that HHS, which didn’t exist until 1979 and had no predecessor agency before 1939, now spends more every month than the entire government spent during the whole year of 1961. Yearly total federal spending wouldn’t reach monthly HHS levels until 1990. And, that was but a fourth as much as they spend in total now; soon to be but a fifth.*

The slope was slippery, the descent rapid.

*For reference: the craziest spreadsheet in the world. Yes, math fans, the sum of all federal outlays for the first 60 years of the Nation’s history, are a mere 1% (or about 8 HOURS worth) of HHS’s current monthly spending.

Attack of the $5 Trillion Gubmint

14 Tuesday May 2019

Posted by perrinlovett in Legal/Political Columns

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2019, budget, crazy, debt, Federal government

There’s just no need for elaboration. These numbers speak for themselves:

The federal government spent $2,573,708,000,000 in the first seven months of fiscal 2019 (October through April), setting an all-time record for real federal spending in the first seven months of a fiscal year, according to data published in the Monthly Treasury Statements.

Prior to this fiscal year, the most that the federal government had ever spent in the first seven months of a fiscal year was in fiscal 2011, when it spent $2,476,257,690,000 in constant April 2019 dollars (adjusted using the Bureau of Labor Statistics inflation calculator).

That’s a high price for an Empire that’ll be gone in a decade and a half. It’s like wasting everything on a luxury model for use as a beater that you can’t even afford to insure. Should have gone with the economy republican model. Or even a mid-sized Monarchy or something. Hey, it’s just (fake) money in (and at) the end.

PrioritieS

14 Thursday Feb 2019

Posted by perrinlovett in Legal/Political Columns

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budget, invasion, politicians, treason

Democrats and Republicans have theirs. Their priorities and interests (and allegiances) do not align with yours.

A Republican-Democrat spending bill being offered to President Trump spends nearly 40 times as much on foreign aid as it does on a wall to secure the United States-Mexico border.

Though Trump requested about $5.7 billion to fund a wall along the U.S.-Mexico border, a spending package written by elected Republicans and Democrats funds just $1.3 billion for 55 miles of wall at the border.

Meanwhile, the deal spends nearly 40 times as much American taxpayer money on foreign aid as it does on a border wall. In total, about $50 billion is spent on foreign aid, including: [a whole bunch of stuff we cannot afford and do not need].

Surely the next election will be the cure, right?

No Shutdown and No Wall

25 Friday Jan 2019

Posted by perrinlovett in Legal/Political Columns

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budget, government, invasion, politics, the wall, Trump

This was predictable: Trump caves on Shutdown/Wall.

The Senate swiftly and unanimously approved the deal, and the House was ready to follow suit and send the legislation to Trump for his signature.

Trump’s retreat came in the 35th day of the partial shutdown as intensifying delays at the nation’s airports and another missed payday for hundreds of thousands of federal workers brought new urgency to efforts to resolve the standoff.

The shutdown was ending as Democratic leaders had insisted it must — reopen the government first, then talk border security. “The president thought he could crack Democrats, and he didn’t, and I hope it’s a lesson for him,” said the Senate Democratic leader, Chuck Schumer. House Speaker Nancy Pelosi said of her members: “Our unity is our power. And that is what maybe the president underestimated.”

It’s certainly a lesson.

Okay, now we wait two days for the strategery, if any. Actually, we’ve been waiting for two years now. Trump admits there’s an emergency and that he has the authority and power to deal with it … later. We wait.

The shutdown isn’t the problem – next to none care about it. It’s the invasion and the decline, Mr. President.

Just What, Exactly, Is Conserved Here?

18 Tuesday Dec 2018

Posted by perrinlovett in Legal/Political Columns

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budget, bump stock, firearms, guns, Trump, wall

Ann Coulter’s bet is still out there waiting for a taker: will Trump cave on the budget and the wall (again)? It certainly looks like it.

The White House suggested Tuesday that President Donald Trump could back down from his demand for $5 billion to fund his proposed border wall in a year-end spending bill.

Trump’s push for the money has threatened a partial government shutdown when funding for seven agencies lapses after midnight Friday. Last week, the president said he would be “proud” to close parts of the government over border security.

“We have other ways that we can get to that $5 billion that we’ll work with Congress,” White House press secretary Sarah Huckabee Sanders told Fox News on Tuesday morning. She added that the Trump administration could support $1.6 billion in border security funding proposed by Senate Democrats, as long as it can “couple that with other funding resources” to get to $5 billion.

We wait. And, even if there is a partial shutdown, those “essential” personnel will still keep working. One wonders if the ATF is essential because the agents will be needed ASAP to enforce Trump’s ban on bump stocks.

The Trump administration moved Tuesday to officially ban bump stocks, which allow semi-automatic weapons to fire rapidly like automatic firearms, and has made them illegal to possess beginning in late March.

The devices will be banned under a federal law that prohibits machine guns, according to a senior Justice Department official.

I feel a little foolish, now, about running those pro-Trump 2A articles at FP a few years ago.

No border security, no deportations, no repelling actual invasion, no sound budgeting, and no respect for the Second Amendment. Thank you, queen Hillary.

This new regulation is, of course, unconstitutional. But, it will stand – Ivanka’s tears can reach the Supreme Court if needed.

Be mindful that the same regulatory logic, under different laws, could be used – in one stroke of the Presidential pen – to ban aliens, gun control, and debt. All debt-holders must either destroy their debt instruments or else turn them into the Treasury for immediate destruction. All debt is now illegal. It’ll not happen though it could.

Conservative friends, the old Trump Train can’t make it far from the station if the tracks are destroyed.

Conservatives Again Fail to Conserve

19 Wednesday Sep 2018

Posted by perrinlovett in Legal/Political Columns

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budget, Congress, conservative, government, waste

Not that one’s coming, but what difference would a Blue Wave really make in DC?

The current Red Tide is failure enough. Even as agencies scramble to waste the leftovers from the last piecemeal, half-a$$ “budget,” the Senate, allegedly governed by conservative Republicans, prepares the next stroke of insanity.

The Senate is racing to avoid the third government shutdown of the year ahead of a looming end-of-the-month deadline.

Senators on Tuesday voted 93-7 to pass a sweeping $854 billion spending bill that includes funding for the Departments of Defense, Health and Human Services (HHS), Labor and Education, which make up the lion’s share of total government spending.

Six Republican senators — Jeff Flake (Ariz.), Mike Lee (Utah), Rand Paul (Ky.), David Perdue (Ga.), Ben Sasse (Neb.) and Pat Toomey (Pa.) — joined Sen. Bernie Sanders (I-Vt.) in voting against the bill, which also includes a short-term stopgap bill to fund the rest of the government through Dec. 7 and prevent a shutdown that would start Oct. 1.

Some of them are upset … at what they’re doing.

Ah well, at least we’re getting a $pace Force.

The General Stands Again

08 Thursday Feb 2018

Posted by perrinlovett in Legal/Political Columns

≈ 1 Comment

Tags

budget, Congress, debt, Lindsey Graham, Rand Paul, shutdown, Stonewall Jackson

Sen. Rand Paul, the only sane man left on Capitol Hill, is derisively dubbed “General*Paul” by Lindsey Grahamnesty. Lindsey was himself described recently in Taki’s Mag as “suspiciously swishy.”

Today Dr. Paul, the General (I like that, let’s take it away from them), took a hard stand against the bizarre, if predictable, new budget proposal.

Kentucky Sen. Rand Paul is preventing a two-year budget deal from passing, as the White House advised federal agencies to prepare for the government to start shutting down at midnight.

Congressional negotiators were scrambling earlier Thursday to lock in enough votes in the House, and that was before Paul, a Republican, made public his dissatisfaction with the deal, which would raise government spending, avert a government shutdown and lift the debt ceiling.

A senior administrative official said the White House is instructing agencies to begin shutdown preparations in the event that Congress fails to pass a budget before the midnight deadline.

Paul is pushing for an amendment to maintain budget caps, but Senate sources say leaders have no plan to give Paul such a concession, meaning that he can continue to prevent a vote until after midnight, when government funding runs out.

The colossal bill, which lawmakers have been negotiating for months, would be a game-changing piece of legislation, clearing the decks for Congress in dealing with major spending issues as well as doling out disaster relief money.

The overall deal also does not address the high-profile issue of immigration, a key sticking point for many Democrats; but it does increase spending caps by $300 billion for the Pentagon and domestic priorities, a crucial incentive for getting enough votes from both parties.

The Convertible of State is aimed at the edge of a cliff. The Elephant at the wheel floors the gas pedal. The Donkey passenger shouts, “Go, Man, Go!” This is the bipartisanship the people claim to be all crazy about – “gettin’ the people’s business done!” Most don’t realize they’re in the backseat behind the two dumb animals, headed for the edge at high speed.

I guess Rand is more like a traffic cop than a general. Hey, still a man in uniform, right? Maybe that’s what Grahmnesty meant by the remark; you know, what he digs…

The uniparty hasn’t been able to pass a whole and complete annual budget for about a decade. Stopgap after appropriation after special package after… Now! Now, they’ve got us a twofer in store, doubling down (up) to make up for lost responsibility. Deficits and the debt be damned.

Go ahead. Shut her down. Leave her down.

American history repeats itself: There stands Paul like a stone wall!

nimbus-image-1518139305235

CNN (sightly modified).

*Lindsey ridiculed Dr. Paul for wanting to bring our standing armies home and end the oldest war in US history. (I’ve never used the term “cuck” here, you know). Neocons like Grahamnesty should favor the idea, giving the troops a breather before the next war with Iran and/or North Korea and/or Russia and/or China and/or Whomever it is. You know, the war just after the depression and before the civil…

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