Emergency Spending Spree
John Stossel reports that Joe Biden and the Senate plan to get around budget caps using an “emergency” loophole.
CATO Director of Budget Policy Romina Boccia explains, “Call it an emergency, done. Spend the money on whatever you want.” Stossel says that, sadly, that’s how it works in Washington. And it gets worse.
Stossel says the budget caps that politicians want to evade never even cut spending to begin with. They merely slowed the planned increase in spending. Here’s more.