We can no longer afford repeated government decisions that spend trillions of taxpayer dollars on projects that originally may seem like a good idea but turn out very badly and even make things worse. Any private company with such a poor record would have long been penalized by the market into bankruptcy.
The federal spending omnibus package President Obama signed today represents months of negotiations by the House and Senate. And while some of the loudest and largest passengers on that omnibus include defense spending, tax reform, and homeland security, a number of critical animal causes fortunately found seats as well.
The Senate-passed budget reconciliation bill would boost the number of uninsured Americans by at least 22 million starting in 2018, relative to current law. Thus, virtually all (at least 92 percent) of the historic health coverage gains that CBO expects health reform to achieve by 2018 would be lost.
Wall Street's army of high priced lobbyists are again working Washington day and night to use this year's spending bill for their gain at the expense of the American people. Wall Street views essential, must-pass, nationally important legislation as just an opportunity for them to sneak in their wish list of special provisions.