It is becoming increasingly obvious that the Republican leaders in the House of Representatives never really had their hearts in all their pre-election talk about shrinking government. Having vowed to cut $100 billion from the Obama administration’s proposed budget for fiscal year 2011, they were prepared instead to trim a paltry $35 billion, arguing that on a prorated basis it works out to about $74 billion for the year, still 26 percent less than their modest stated goal.
House Republicans are mounting their next effort to stop ObamaCare — by cutting off its funding — as part of a measure Republicans are expected to introduce next week that will fund the government from March through the end of September.
In a surprising turn of events on Tuesday, the U.S. House of Representatives failed to extend a number of provisions to the PATRIOT Act as a result of dissonance within the Republican Party. Unfortunately for constitutionalists, the victory was short-lived as the House has now changed the rules for passage, opting instead for a simple majority instead of the original two-thirds majority that was required.
The Federal Reserve cherishes its privacy and has fought tooth and nail to keep it. Nevertheless, its ability to shower greenbacks on favored corporations and foreign banks may soon be drawing to a close thank s to the 2010 elections.
New members in Congress may face tough choices as Tea Partiers say the defense budget shouldn’t be exempt from budget cuts. According to MSNBC.com on Jan. 21, although the $700 billion annual budget is one that few in Congress have been willing to tackle, Tea Party groups declare that if spending is to be cut, “the military’s budget needs to be part of the mix.”