No Government Shutdown, Just More Favors Spread Around

A government shutdown will be averted once again. The cost is a bunch of goodies spread around to buy enough votes.

Once again, and as expected by any thinking person, we are on track to avoid a fiscal shutdown.

How?

The Spending Deal in the works sloshes enough money around to make enough people happy.

  • $1.57 billion for border security, including fencing.
  • $2.8 billion increase for opioid addiction treatment, prevention and research.
  • $10 billion in new infrastructure funding including $600 million for new high-speed broadband development.
  • $307 million more than Trump asked for to combat potential Russian cyberattacks during the U.S. midterm elections. Another $380 million for states to secure their election systems.
  • A $1.34 billion increase for the Census to help prepare for the 2020 survey.
  • Makes a rail tunnel under the Hudson River that’s a priority of Senate Minority Leader Charles Schumer, a New York Democrat, eligible for funding. Leaders have agreed to include $540 million in the bill that could be used to fund a portion of the Gateway project, Politico said.
  • So-called sanctuary cities criticized by Trump won’t be defunded. The bill also doesn’t address the Deferred Action for Childhood Arrivals program, or DACA.

Spread enough favors around and eventually you reach agreement. It's the way the system works and it's why deficits keep getting bigger and bigger.

The House is schedule to vote on the Bill Thursday. To avoid a shutdown, the Senate needs to approve the bill by Saturday.

Should a mistake happen, it will quickly be resolved next week by spreading a few more pet projects around.

Mike "Mish" Shedlock

Comments
Sechel
Sechel

the system needs favored, its the grease that produces compromise. while i was originally against ear marks, i see now the result has been gridlock. I also recognize in hindsight that sometimes a president ignores the will of congress and doens't spend money on items congress authorizes. an ear mark ensures that allocated money must be spent as intended.

Stuki
Stuki

There won’t be any meaningful cuts until enough drones grow and wise up sufficiently, to raise serious doubt in the minds of foreigners over America’s willingness to unconditionally rob American children to pay “our” debt.

Once a meaningful, and growing, political movement promising to simply flip creditors the birds takes hold, we’re getting somewhere. Until then, we’re simply not.

It‘s not as if busting their rear to pay for Chuckie’s tunnel, is in any meaningful sense the responsibility of other people’s children, after all. Unless said children’s explicit and uncoerced signature are on those loan documents, they have exactly zero responsibility to pay for any of it. Ditto for the rest of “our” debt. Chuckie can pay for it himself, or those dumb enough to front him the money, can take a loss if he can’t/won’t. Either way, it’s nobody elses responsibility.

Kinuachdrach
Kinuachdrach

The one hope out there is that President Trump may succeed in cutting enough regulations and balancing enough lopsided "Free Trade" deals to allow the US economy to grow enough to begin to balance the budget. And that is a very tenuous hope.

Kinuachdrach
Kinuachdrach

Let's be serious -- in a spending plan for $1,300 Billion, these ~$1 Billion goodies are largely irrelevant. The big driver for spending is the unsustainable so-called "entitlements" -- and no-one is seriously calling for cutting those down to a sustainable level.