Trump’s Treasury thug Steven Mnuchin used the Sunday talk show circuit to demand any Federal relief of the destruction inflicted by Hurricane Harvey (the costliest American hurricane in history, according to Wikipedia) be held ransom in exchange for the annual can-kicking of the nation’s record $20,000,000,000,000 debt.
Mnuchin used the Mussolini-era term “state” not for the state of Texas (it appears) but for our cancerous Federal Government, emphasizing the benevolent big wigs must have control at all times, or everyone will perish.
“The president and I believe that [raising the debt limit] should be tied to the Harvey funding, that our first priority is to make sure that the state gets money. It is critical and to do that we need to make sure we raise the debt limit.”
The $300 million-net worth Mnuchin also touched on his “comfort” with borrowing a few billion dollars in light of his boss’s two predecessors’ charging of $10 trillion apiece to the national credit card. (Read: threatened not to give Texas relief money if the nation didn’t step deeper into the debt pool.)
“[W]ithout raising the debt limit, I’m not comfortable that we would get the money that we need this month to Texas to rebuild.”
He insinuated the storm “moved up the situation” of that pesky debt limit. Any disaster can be used to bargain for an extension of your malicious fiscal practices.
That’s not all for the terrible toils of Texans in 2017. According to Texas Tribune, disaster relief funds from the Federal Government via Housing and Urban Development, will take between 7 and 32 months to disperse.
Before the government agencies can disperse the money, they must develop an action plan that HUD approves. The public must also have a chance to comment on the plan, a process that can take 30 to 60 days. Texas officials have asked that time period be reduced to seven days.
In all fairness, the layer cake of Federal job creation delaying the money is small potatoes compared to what Houston’s neighbor to the southeast, Puerto Rico, was in for after the next hurricane.
On September 7, the Senate sold out the younger generation as expected, 80-17. Ted Cruz and John Cornyn, both Republicans of Texas and ostensibly fiscal conservatives, voted to continue borrowing into unsustainable oblivion until December, while kicking $15.25 billion to FEMA for Harvey relief.
Of the 17 “no” votes (all Republicans, which is interesting given their majority in both the House and the Senate…see below), notable were Rand Paul of Kentucky, Lindsey Graham of South Carolina and John McCain of Arizona. Marco Rubio, of oft-hurricane-battered Florida, did not vote.
The House initially wanted just $7.9 billion for the disaster, but approved the more lavish Senate bill September 8; Trump signed it the same day. When it comes to spending your money, the major parties are surprisingly cooperative.
New York Times noted Republican leaders had wanted a longer-term extension of the debt limit, but were left with little recourse when Mr. Trump sided with top Democrats in Congress, Senator Chuck Schumer of New York and Representative Nancy Pelosi of California, at a White House meeting on [September 6], blindsiding his own party.
According to Washington Examiner, [a]head of Friday morning’s vote in the House, GOP lawmakers attended a meeting with Treasury Secretary Steve Mnuchin, and House Republicans were angered by his lack of information about how much money the government will spend between now and Dec. 8.
That anger translated to a still massively lopsided 316-90 vote for the measure. All 90 “nay” votes were from Republicans.
On December 7, with the above-imposed deadline looming, Congress again dug deep into the country’s financial future, throwing together a two-week “continuing resolution” to keep the cash flowing long enough to advance what would be their only major legislative accomplishment under Trump thus far: a large tax cut that will add nearly $1,500,000,000,000 more to the national debt in the next ten years.
Thanks to our sources: