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Former Congressman David Stockman also headed Reagan's Office of Management and Budget. Not of the Reagan White House Office, but the Office of the entire United States. Here's what he said about the failed budget negotiations:
"Fiscal governance in Washington is totally kaput. They never pass an annual budget resolution and enforcement plan, which was taken as a sacred duty back in the day; and there are never even annual appropriations bills for the mere 25% of the budget still subject to the Congressional “power of the purse”.
Instead, what occurs is a perennial string of short-term Continuing Resolutions (CRs) followed by an 11th hour, 3000 page pork-ridden “Omnibus Appropriations” bill that no one has read and which gives log-rolling (i.e. more domestic for more defense) a new definition.
In short, the debt ceiling was the only fiscal control mechanism left. And even that has been neutered time after time in the last decade by the hideous, flat-out lie that if the Treasury on any given day is one dollar short of being able to cover all of its due bills it must default on each and every one of them including interest payments, thereby destroying the credit of the United States. Yada, yada.
Finally, that lie was being put to the test and would have been eviscerated sometime next week. Yet after a lifetime on the public teat, Kevin McCarthy like his two GOP predecessors surrendered to the Doomsday Machine because he works for the GOP wing of the Swamp, not the voters, current and future.
And he did so while expectorating the most risible of lies: Republicans are changing the culture and trajectory of Washington—and we’re just getting started.
Not close. Not in the ballpark or even the catcher’s box behind home plate.
The deal does absolutely nothing to change the current “trajectory” toward fiscal disaster because it reduces nary a dime of built-in spending for defense, entitlements/mandatories, veterans and net interest, while those items account for 89% of the $80 trillion of built-in spending over the next decade."
"If I were fierce, and bald, and short of breath
I’d live with scarlet Majors at the Base,
And speed glum heroes up the line to death.
You’d see me with my puffy petulant face,
Guzzling and gulping in the best hotel,
Reading the Roll of Honour. “Poor young chap,”
I’d say — “I used to know his father well;
Yes, we’ve lost heavily in this last scrap.”
And when the war is done and youth stone dead,
I’d toddle safely home and die — in bed."
“Base Details” by the British World War I poet Siegfried Sassoon
People in every single one of the top US allies now think it’s better to depend on China than the US.
The global balance of power is clearly tilting away from the US and toward China.
Yes. According to The Guardian, Britain’s national security adviser Jonathan Powell attended the final US-Iran talks in Geneva and believed Tehran’s nuclear proposal was significant enough to keep diplomacy on track and avoid escalation. Sources said progress had been made and that the Iranian offer was unexpectedly substantial.
The report also highlights concerns about the US negotiating team led by Jared Kushner and special envoy Steve Witkoff, both closely linked to Israel. One diplomat with knowledge of the talks told The Guardian: “We regarded Witkoff and Kushner as Israeli assets that dragged a president into a war he wants to get out of.”
