That’s $1.3 trillion, with a “t.” And that’s interim, in that the colossal amount of spending will only fund our out-of-control federal government until September 30, when another spending bill will be needed.
President Trump, who briefly raised the threat of a veto before putting his John Hancock on the bill, says he’ll never sign another bill like this one. I’m calling BS on that one. The reality is that, for people like me who think our country has an enormous spending problem that eventually will be our downfall, there’s nowhere to turn. The Democrats never met a domestic spending program that they didn’t want to increase. The Republicans, who posture about deficit responsibility, have shown that they are too craven, and too interested in avoiding ruffling any feathers that might interfere with their reelection prospects, to tackle the tough job of actually reducing, and in some instances eliminating, federal programs that really aren’t necessary. And President Trump is a deal-maker who will gladly rationalize just about anything, just as he did with this latest monstrosity by saying that the increase in military spending makes all of the rest of the irresponsibility palatable.
There are no longer any institutional forces that will restrain federal spending or cause our political class to act like statesmen and take the long-term, good-for-the-country view. There’s no appetite whatsoever for careful judgment, for systematic review of whether programs are actually working, and for making the thoughtful choices that are a crucial part of living within your means. Once again, we’re seeing concrete evidence that the current class of political leaders are the worst political leaders in history.
We’re on the cash-paved road to failure, and spending ourselves into oblivion, and nobody seems to really care about doing anything about it.