“I’m Shocked, Shocked To Find That Gambling Is Going On In Here”

The Congressional Budget Office (CBO) has updated its January “The Budget and Economic Outlook: 2019 to 2029,” and to what should be no great surprise, the U.S.’s projected fiscal condition is, well, not good. To anyone monitoring the CBO’s economic and budget updates, this is really not news. Nor is the insistence of some that … Continue reading “I’m Shocked, Shocked To Find That Gambling Is Going On In Here”

What’s PAYGO; And, First Cracks In Budget Deal Kumbaya

For those afflicted individuals like me who actually read legislation, one may have stumbled upon some intriguing language in the “Bipartisan Budget Act of 2019” (P.L. 116-37): Effective on the date of the enactment of this Act, the balances on the PAYGO scorecards established pursuant to paragraphs (4) and (5) of section 4(d) of the … Continue reading What’s PAYGO; And, First Cracks In Budget Deal Kumbaya

House Democrats Surrender on Border Supplemental

This week saw the struggle over and then enactment of supplemental appropriations for the current fiscal year to address the inflow of migrants on the U.S.-Mexico border. Yesterday, the Congress sent the $4.5 billion “Emergency Supplemental Appropriations for Humanitarian Assistance and Security at the Southern Border Act, 2019” (H.R. 3401) to the White House. It … Continue reading House Democrats Surrender on Border Supplemental