11-17-2018 03:06:03 PM -0800
11-16-2018 03:20:54 PM -0800
11-16-2018 10:35:46 AM -0800
11-15-2018 12:43:42 PM -0800
11-15-2018 09:56:23 AM -0800
It looks like you've previously blocked notifications. If you'd like to receive them, please update your browser permissions.
Desktop Notifications are  | 
Get instant alerts on your desktop.
Turn on desktop notifications?
Remind me later.
PJ Media encourages you to read our updated PRIVACY POLICY and COOKIE POLICY.
X


Stretch, grab a late afternoon cup of caffeine and get caught up on the most important news of the day with our Coffee Break newsletter. These are the stories that will fill you in on the world that's spinning outside of your office window - at the moment that you get a chance to take a breath.
Sign up now to save time and stay informed!

Lawmakers Agree Congress is Failing in ‘Fiscal Free-for-All’

WASHINGTON – While against a government shutdown, Sen. Rand Paul (R-Ky.) said on Tuesday that keeping the government operating on short-term spending packages, resulting in the borrowing of about $1 million a minute, is not a good solution, either.

Paul’s opposition led to a short overnight shutdown on Thursday as he delayed consideration of the bipartisan budget deal.

During a hearing titled “Terrible, No Good, Very Bad Ways of Funding Government,” lawmakers from both sides of the aisle agreed that Congress is failing to complete its most basic duty: keeping the government open for business.

“I can’t think of a better way to describe how dysfunctional Congress is with its power of the purse,” Paul said at the hearing of the Senate Homeland Security and Governmental Affairs Subcommittee on Federal Spending Oversight and Emergency Management, which he chairs.

The last time Congress passed all appropriations bills on time was 1997, which was only the fourth instance all appropriations were done since 1977. That’s four times in 41 years. Since 2011, Congress has passed 34 continuing resolutions, resulting in program uncertainty, delays for agency planning and increased costs to the taxpayer.

According to Maya MacGuineas, president at Committee for a Responsible Federal Budget, the most recent CR, which ended a brief government shutdown, added $31 billion to the national debt. If made permanent, that bill would have amounted to about $300 billion in borrowing. Projections are that the budget deal will add $300 billion to $400 billion to the national debt.

“This borrowing is being added to bills without any discussion,” MacGuineas said during the hearing, adding that bipartisan deals only seem to get done because lawmakers from both sides get to borrow for things they want. “It’s as if the issue of deficit and debt have just kind of disappeared, and because there are these must-pass bills, there’s always an opportunity to tack more things on.”

In 2017, the debt rose to the highest level relative to the economy since World War II. That debt is expected to grow by about $1.5 billion with the added cost of the GOP tax law, and there will be continued costs associated with CRs.

“We’re in the midst of what I see as a fiscal free-for-all,” MacGuineas said.

Ranking Member Gary Peters (D-Mich.) said in his opening remarks that Tuesday’s hearing touched on the heart of Congress’ function as an institution.

“This is our most basic job, and the American people quite frankly just expect us to get it done,” he said. “It’s a problem that has gone on far too long, and we have become accustomed to it. It’s become the new normal, and the purpose of today’s hearing is to say, ‘Enough is enough.’”