Budgetary “rescission” is an available cure, but it must be enacted quickly, within a statutory 45-day window for action:
https://www.freerepublic.com/focus/f-news/3642204/posts
And you wonder why Ryan is turning tail? He’s pushed the flim-flam as much as he can, so he’s taking his bloated pension and bennies paid for by the taxpayers and leavivng.
Instead of going for social security, why not close down 30 departments starting with the 50,000 person state department. It’s crazy to have one department that large.
-—Congress likely had that feeling leading up to the CBO’s semi-annual report,...-—
The author is to have me believe the Congress gives a rip?
Neither party are interested in cutting spending, they are only interested in advancing their list of spending priorities. With both chambers closely divided, they can only manage to pass both lists. Not good. It will get worse if the Democrats take control of one or both of the Houses of Congress.
However, the CBO numbers are incorrect. They assume that revenue will not change and we know that revenues are already up. Tax cuts have almost always resulted in increased revenues because of the stimulus effect.
What’s the Big Deal?? Congress created their very own Bank that will Print as Much Money as they want, whenever they need it.