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To Bunning’s Rescue

Sen. Jim Bunning’s (R-Ky.) decision to block an unfunded 30-day extension of unemployment insurance, COBRA benefits, and Medicare doctor payments has been

Jul 31, 2020
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Sen. Jim Bunning’s (R-Ky.) decisionto block an unfunded 30-day extension of unemployment insurance, COBRA benefits, and Medicare doctor payments has been largely a one-man endeavor.
No longer.
This morning, Sen. John Cornyn (R-Texas) took the chamber floor in defense of Bunning, who has rejected the Democrats’ $10 billion proposal because it’s not paid for.
“All that the senator from Kentucky has asked for is that we do what every American family has to do,” Cornyn said, “and what every small business has to do, and that is [to] be honest in our accounting of the public’s money.” He added:
We know that there’s broad bipartisan support for the legislation. … All the senator from Kentucky has asked for is that it be paid for — that we not add $10 billion more to the federal deficit.
They aren’t entirely wrong. The national debt has become a national disgrace (and a menacing one). But it’s also difficult to take seriously any claims of fiscal rectitude coming from Bunning or Cornyn, both of whom voted in 2003 forthe GOP’s Medicare prescription drug benefit, which is projected to cost $550 billion through 2016 — and not a cent of it offset.
Suddenly $10 billion in deficit spending doesn’t seem like the problem anymore.
Camilo Wood

Camilo Wood

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Camilo Wood has over two decades of experience as a writer and journalist, specializing in finance and economics. With a degree in Economics and a background in financial research and analysis, Camilo brings a wealth of knowledge and expertise to his writing. Throughout his career, Camilo has contributed to numerous publications, covering a wide range of topics such as global economic trends, investment strategies, and market analysis. His articles are recognized for their insightful analysis and clear explanations, making complex financial concepts accessible to readers. Camilo's experience includes working in roles related to financial reporting, analysis, and commentary, allowing him to provide readers with accurate and trustworthy information. His dedication to journalistic integrity and commitment to delivering high-quality content make him a trusted voice in the fields of finance and journalism.
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