The Democrats’ Fiscal Trap
With all the talk about a possible government shutdown due to an impasse on immigration reform, no one seems to be paying attention to a story of even bigger long-term consequence. Congress is preparing a two-year budget that blows past bipartisan spending caps to the tune of $216 billion through 2019. These are the latest stunning tallies from an analysis by Congressional Quarterly. (See chart).
That may be a best-case scenario. The budget watchers at Freedom Works estimate that when hurricane disaster relief, funding for the border wall, added Obamacare money for the bankrupt insurance markets, and other last-minute spending “emergencies,” are thrown in the mix, the two-year spending blitz could exceed $300 billion.
President Trump had better get his veto pen handy.