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Republican Speaker of the House of Representatives Mike Johnson is joining with the Democrat minority to pass a supplemental spending package of foreign aid without the will or consent of the Republican House majority elected by the people of our country.
The post Exclusive — Lee Rizutto: Mike Johnson’s Betrayal Puts America on Collision Course with Nuclear Power Adversaries appeared first on Breitbart.
On Thursday’s broadcast of the Fox News Channel’s “Your World,” Minneapolis Federal Reserve Bank President Neel Kashkari stated that stimulus spending was “a contributor to the high inflation that we’ve seen.” And “the spending on infrastructure, the spending on new chip
The post Minneapolis Fed Pres: Biden Spending on Chips, Infrastructure ‘Is Inflationary’ and There Are ‘Cross-Purposes’ appeared first on Breitbart.
Rep. Ralph Norman reintroduced a bill Wednesday aimed at stopping a form of federal spending known as earmarks.
“I’ve always said that earmarks are evil,” Norman, R-N.C. told The Daily Signal. “They are sneaky in the way that they get tacked onto big, important spending packages to be automatically passed by the ‘uniparty’ with the hope that no one looks into the details.”
Lawmakers use earmarks, often referred to as “pork,” to receive funding for projects in their districts. Earmarks are often inserted into large spending bills where they are likely to largely go unnoticed. A congressional earmark dedicates federal funds for a specific purpose, such as the construction of a bridge, the restoration of a city landmark, or a local program.
“Basically, an earmark is taxpayer funding for a personalized pet project for a particular district or special interest group,” Norman said.
The six-page bill he reintroduced Wednesday prohibits Congress from considering legislation that contains earmarks, thus banning the practice.
Norman introduced the bill, known as the Earmark Elimination Act, twice before, and most recently in February 2021.
Five Republican lawmakers are currently co-sponsoring the bill, including Reps. Scott Perry of Pennsylvania, Matt Rosendale of Montana, Tom Tiffany of Wisconsin, Tom McClintock of California, and Andy Ogles of Tennessee.
Earmarks have long been debated and were even temporarily banned in Congress from 2011 to 2021. Among the most notorious congressional earmark schemes was in 2005 when two lawmakers from Alaska earmarked $223 million to build a bridge from Ketchikan to the island of Gravina, which at the time had a population of about 50 people. The project was nicknamed the “Bridge to Nowhere.”
“Attaching earmarks to large spending packages doesn’t allow for public discussion,” Norman criticized. “Congress, with the power of the purse, should be primarily looking out for the people’s tax dollars and getting federal spending down as soon as possible.”
Bloomberg Government reports that among the federal government’s 2024 spending bills, Republican and Democrat lawmakers inserted 8,099 earmarks accounting for $14.6 billion.
“To me, this is the most wasteful, abusive way to use hard-earned taxpayer dollars,” Norman said.
The post EXCLUSIVE: Congressman Calls on House to Pass Bill Banning Earmarks appeared first on The Daily Signal.
On Friday’s broadcast of CNBC’s “Squawk on the Street,” BlackRock CEO Larry Fink stated that it will be difficult to reach 2% inflation and one reason is “We have a trillion dollars of fiscal stimulus in the CHIPS Act, the
The post BlackRock’s Fink: Spending in ‘Inflation Reduction Act’ Will Make It Harder to Lower Inflation appeared first on Breitbart.
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