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Tuesday, May 30, 2023

Debt Ceiling Vote -- McCarthy Looks For GOP Votes -- May 30, 2023

Locator: 44801ECON.
Locator: 44801POL.

Link here.

I truly must be missing something.

From the article

Did anyone do the math? Did anyone even read the article?

The GOP moves farther and farther away from me.

Again, from the linked article:

In one late development, the nonpartisan Congressional Budget Office said the spending restrictions in the package would reduce deficits by $1.5 trillion over the decade, a top goal for the Republicans trying to curb the debt load. [$1.5 trillion over the decade when the current debt is over $30 trillion.]
But in a surprise that could further erode Republican support, the GOP’s drive to impose work requirements on older Americans receiving food stamps ends up boosting spending by $2.1 billion over the time period. That’s because the final deal exempted veterans and homeless people, expanding the food stamp rolls by some 78,000 people monthly, the CBO said.

... would reduce deficits (sic) by $1.5 trillion, BUT this is what disturbs some MAGA GOP folks:

... the GOP’s drive to impose work requirements on older Americans receiving food stamps ends up boosting spending by $2.1 billion over the time period. That’s because the final deal exempted veterans and homeless people, expanding the food stamp rolls by some 78,000 people monthly.

Three things.

First, $2.1 billion vs $1.5 trillion. Do they take us for idiots?

Second: everyone knows this deficit reduction talk is a bunch of crap (but that's another story); and,

Third:

$2.1 billion "over the [same] time period." Over ten years. $2.1 billion / 10 years = $210 million vs a $6 trillion budget or 0.0000328 or 0.0033% / year; Lamar Jackson, NFL, has a contract that averages $32 million / year.

Not one word about increasing taxes on the top wealthiest 1% of Americans. But heaven forbid, grant veterans and homeless people exemptions from work requirements.

Wow.

Most cold-hearted ignoramuses on the planet. 

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