Budget Deal: Federal Government Prospers, Taxpayers Suffer
The recent budget deal failed to address the plaguing issue of America’s long-term debt crisis but both Democrats and Republicans in Washington did manage to fund their own pet projects and reward federal employees with a pay raise. Details of the all of the sweetheart deals and pork in the latest budget deal are listed below in the following Investors Business Daily editorial.
Goodies Make Bad Budget Deal Even Worse
Posted 10/17/2013 06:42 PM ET
Government As Usual: The budget deal failed to stop the train wreck that is ObamaCare, ignored the nation’s entitlement crisis and kicked the debt can down the road. But lawmakers did manage to take care of their own.
President Obama insisted throughout the budget showdown that he wouldn’t negotiate over reopening the government or the debt ceiling. He said he’d accept nothing more than a “clean bill.”
Clean, apparently, is in the eye of the beholder in Washington. The debt deal Obama signed did reopen the government and suspend the debt ceiling entirely until early February.
But the bill included several sweetheart deals. While modest compared to the normal sort of federal pork, it nevertheless shows where lawmakers’ priorities are.
Among other provisions, this “clean” debt bill:
• Adds $2 billion for construction work on the Olmsted Locks and Dam on the lower part of the Ohio River. That’s an increase of 276% over what had been appropriated for this project. By an odd coincidence, much of this money will be spent in Senate Minority Leader Mitch McConnell’s home state. The Senate Conservatives Fund dubbed it the “Kentucky Kickback.” Read more…