President Trump’s freeze on government grants and contracts is already wrecking havoc in my world. I’m not, even indirectly, the intended recipient of any frozen funds. But organizations I know and appreciate are laying off personnel, stiffing suppliers, and disrupting their programs.
This is loony. If this lasts 90 days, it will create economic havoc and even cause serious health problems, since Medicaid is affected. Longer will generate recession. Trump inherited a thriving economy. He is now imploding it.
A Federal judge yesterday afternoon froze the freeze, but only temporarily. No doubt this lawless Administration will continue to not make good on many disbursements. Then it will wait for the courts to rule and appeal each decision that goes against Trump.
The Administration has several reasons for this churlish behavior. It say it wants expenditure aligned with Trump’s priorities. Things don’t work that way. Congress gets to appropriate funds. It is the President’s responsibility to execute what the Congress wants. Trump’s effort to freeze appropriated funds for Ukraine was the cause of his first impeachment. It’s not a lesson he wants to learn.
What are Trump’s priorities? Cutting expenditure is one of them. That will make room for extension of the tax cuts he got approved in a Republican Congress in 2017. They helped mainly the wealthy, including people like himself. But they did not deliver economic benefits.
The idea behind this debacle is not only to cut government expenditure. It’s to shift whatever remains. Trump has already spoken warmly about funding manned flight to Mars and a missile defense shield for the US. He wants to buy Greenland. His “drill baby drill” motto is aimed at providing energy to satisfy the voracious appetite of artificial intelligence software. Trump is a sucker for high-profile national prestige projects that will put money in his billionaire friends’ pockets. He figures they will also bring him attention and adulation.
Quite the contrary. Trump’s tax cuts and prestige projects are on the road to national ruin. Trump has no idea what the government does and how it enables the economy to grow. Trillion-dollar cuts, which is what he promised, are nowhere to be found without causing serious economic pain.
The prestige projects are not so hot either.
The Israeli missile defense he wants for the US has an effective range of less than 50 miles.
Denmark isn’t selling Greenland, though it is willing to talk about security as well as development of its resources.
Renewable sources of electricity are now competitive with fossil fuels.
It will be hard to find investors to expand drilling dramatically, especially as the US is already net energy independent. Courtesy of Joe Biden.
Manned flight to Mars is a boondoggle for Elon Musk. There is nothing that robots can’t do better than human beings on Mars. They also don’t get bored on a 9 month voyage (one way).
Kamala Harris had it right:
We need what used to be termed an "intervention." Here is one idea: get the…
America will have shrunk to a Western Hemisphere power pining after Panama and Greenland. We'll…
It's not a giant step. Neither Washington nor Kyiv has done more than agree to…
The fate of Bosnia is where it should be: with its citizens. The conviction of…
A ceasefire will give both sides time to contemplate whether a mutually enticing way out…
https://www.youtube.com/watch?v=FocQITpJnaQ The three-year anniversary of the full-scale Russian invasion of Ukraine has come and gone,…