Tuesday, January 4, 2011

So Much for Fiscal Responsibility

Stephen Crowley/New York Times

The House of Representatives is getting ready for a dogfight. They are going to cut $100 billion dollars from the budget this year. That shouldn't be too hard since Congress authorized a $110 billion dollar auto bailout and spent $109.5 billion dollars on something called the Term Auction Facility that bought up banks (now pretty much worthless) mortgage-backed securities. Nope, it's going to be near impossible.

Why? Because when you keep giving people more and more money they get used to having it. So, when you try to take it away from them, they get mad and feel it's owed to them and will fight you to the death. They feel like it was their money all along and you are trying to rob them. It's pretty basic human psychology that Congress never seems to grasp. That and you don't spend other people's money, especially if its giant sums, like you would spend your own.

But, besides Congress' unreasoned thinking, they are going to try and cut the $100 billion dollars out of non-security discretionary spending. Which is the equivalent to implementing a salary cap in the NBA, but only on head coaches. Let's see, Medicare/Medicaid, Social Security, and the military account for 60% of the budget. Let's exclude that and apply the cut to the departments that probably shouldn't exist anyway, but will reactively (in a purely innate survival instinct kind of way) cause a huge stir should their money get touched. Why not bring everybody home from Afghanistan and Iraq? That was costing $100 billion a month last time I checked.

Unless, you touch the stuff that actually affects the systemic fiscal instability of the United States, Congress, you are not serious. This is the same arguing-for-show that people who actually believe in this stuff hate. If you are going to "do something about the spending" then ACTUALLY DO SOMETHING.

Eternally frustrated,

-K