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.
I've stated repeatedly that a massive amount of stimulus has been required to generate GDP growth of just 2.0%-2.5% annually since the end of the Great Recession (June 2009). We have further said that the removal or reversal of some of these stimulants will be a tough hurdle for the economy to overcome.
We can definitely increase the resources for food aid programs, which are about less than one tenth of 1 percent of the federal budget. They can certainly be increased from this relatively tiny level of spending. Food is peace. Congress must remember this as it crafts the new budget in the coming months.
A government agency with a salary structure that makes it nearly impossible to compete against the best legal and accounting firms in the country in the best of times is being forced to fire staff, furlough its remaining employees and subject those who remain to ever-increasing workloads while at the same time the complexity of that workload is increasing exponentially.