Happy Hour News
You know how the Republican’s first order of business is to give a tongue bath to their donors and roll-back the IRS funding? It’s going to increase the deficit by over $100B Ameros, but you know…
What’s happening: After voting on the adoption of a rules package Monday night, the House plans to vote on a bill from Rep. Adrian Smith (R-Neb.) that would yank back about $80 billion in IRS funding, which Democrats included in their party-line tax, climate and health bill last year. But the Congressional Budget Office has put a big pricetag on this first legislative priority.
Inside the numbers: The CBO estimates that the bill to roll back IRS funding will increase the deficit by more than $114 billion over a decade, reducing spending by more than $71 billion and decreasing revenues by nearly $186 billion.
So all that noise about a balanced budget, fiscal discipline, etc?
Anyway, they plan to balance it by cutting Social Security and Medicare because their donors don’t depend on that stuff:
Their plans to target health care programs follow demands from a group of conservatives that helped elect House Speaker Kevin McCarthy (R-Calif.) over the weekend. Those far-right lawmakers have sought across-the-board spending cuts in order to tackle the growing national debt.
But the narrow House GOP majority ― McCarthy can afford to lose just four votes on any bill ― is far more divided on cuts to defense spending than for entitlement programs.
“I’m all for a balanced budget, but we’re not going to do it on the backs of our troops and our military,” Rep. Michael Waltz (R-Fla.), a former Army Green Beret, said Monday during an interview on Fox Business.
“We’ll balance it by starving granny!,” Waltz didn’t say, “and really stick it to the Poors!”
“If we really want to talk about the debt and spending, it’s the entitlements programs.”
I guess Waltz forgot to tell Chip Roy about that:
Republicans don’t plan to alter benefits for current Social Security and Medicare recipients, according to Rep. Chip Roy (R-Texas).
“What we have been very clear about is, we’re not going to touch the benefits that are going to people relying on the benefits under Social Security and Medicare,” Roy said Sunday on CNN’s “State of the Union.” “But we all have to be honest about sitting at the table and figuring out how we’re going to make those work, how we’re going to deal with defense spending and how we’re going to deal with nondefense discretionary spending.”
And that’s going to be the drama: cut spending, don’t cut spending, and for gawd’s sake don’t touch the billionaire piles of treasure, and fire the IRS because it’s optics- important because Possum Hollar believes that The Revenue Man is comin’ after their stills out back in the woods.
That’s gonna be some tricky math. I hope K-Mac is better at math than he is at his job.