Omnibus Spending Package
Now, let's be honest. Most of us half-ass our jobs (like, imagine if I actually tried at writing this?) but still somehow convince our bosses we deserve money (really hope Patrick doesn't read this).
Anyway, you may think you're the GOAT at BSing for a paycheck, but let me introduce you to 535 of my closest friends.
The US Congress has once again shirked ~80% of its responsibility for 11.75 months in preference of doing everything all at once, minutes before a crucial deadline. Sound familiar?
At midnight this Friday, the US government will shut down once again unless this spending package is signed. For Congressional leaders, this self-imposed deadline is actually much more of a blessing than a curse.
The 4,155-page bill, accompanied by ~2,600 more pages serving as essentially a glossary, is basically a hodgepodge of 35 separately proposed bills horrifically stuffed into one gargantuan embarrassment of legislation. The thing was just formalized this week, so don't even think for a second that a single Congressperson read this thing.
Aside from being a clear tell of a barely functioning national legislature, this bill introduces a lot of "hurry up and spend" ideas not seen before. Some of the key pieces include:
- $858bn in defense spending, a 9.7% annual increase
- The Electoral Count act, clarifying the role of the VP and state legislatures during the Presidential transfer of power…wonder why they need that??
- Further appropriations for already passed legislation like the CHIPS Act
- A 20% boost in funding to the Office of the Assistant Secretary for Preparedness and Response under the HHS
- A 17% increase in funding to Border Patrol
And that's about it. I mean, just from those alone, you can likely already tell this omnibus bill is running over what should've been at least three dozen individual bills.
Also notable are items that got kicked from the legislation, such as:
- Removal of the marijuana banking act that would allow banks to actually serve these companies on a national level
- Axing of the expansion to the child tax credit system
- Scrapping of plans to boost IRS spending (phew, that's a relief!)
Honestly, we could fill a week's worth of Macro Monkey just on this "bill" alone. I mean, it's more like electing a whole new government. Plus, at a $1.7tn price tag, JPow certainly won't be receiving much help from his fiscal compatriots in his death match against inflation.
The government does need money to spend, but dammit, why can't this be done in a transparent, reasonable way where we can actually get some minor semblance of an idea of where our tax dollars are actually going? Wishful thinking, I know.
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