House Democrat Calls Congress ‘The Poster Child for Cowardice” on ISIS
Amid growing signs that the U.S. faces nothing but bad choices in its war against ISIS, Rep. Jim McGovern, a liberal Democrat from Massachusetts, today denounced Congress as “the poster child for cowardice” for refusing to debate a new war powers resolution to set parameters for the Obama administration’s efforts to “degrade and defeat” the jihadist terrorists in Iraq and Syria.
At the behest of Republican and Democratic leaders, Obama sent a proposed war powers resolution to Congress in February outlining his core objectives of systematically destroying the jihadist terror group through a sustained campaign of airstrikes, supporting and training allied forces on the ground and humanitarian assistance – but without committing a large number of U.S. combat troops to the effort.
Related: U.S. Shoots Itself in the Foot By Accidentally Arming ISIS
The administration proposal would give the military “flexibility” to confront unforeseen circumstances, potentially by deploying Special Forces in the region. But it would limit the mission to three years and would not authorize “enduring offensive ground combat operations.”
But rather than roll up their sleeves and debate and vote on the president’s request for new military authorization, Republican leaders have effectively shelved the issue and moved on to other things, such as rewriting the rules for NSA spying on Americans’ phone calls and providing Obama with fast track authority to negotiate a new trade pact with Asian countries.
With many conservative Republicans including Sens. John McCain of Arizona and Lindsey Graham of South Carolina complaining that the president’s strategy for defeating ISIS woefully inadequate and some Democrats worried that it goes too far in committing U.S. troops and resources to a no-win situation in the Middle East, Senate Foreign Relations Committee Chair Bob Corker (R-TN) said recently he had no incentive to take up the issue in his committee.
Related: Why Congress Should Simply Bag the War Powers Debate
Frankly speaking, this is unacceptable,” McGovern, a member of the House Rules Committee, said on the House floor today, adding that if the Congress “doesn’t have the stomach” to authorize the war it should vote to bring U.S. forces home, according to Politico. McGovern introduced a bipartisan resolution that would require full debate within 15 days on whether U.S. troops should withdraw from Iraq and Syria. His bipartisan resolution is co-sponsored by Reps. Walter Jones (R-NC) and Barbara Lee (D-CA).
“This House appears to have no problem sending our uniformed men and women into harm’s way,” McGovern said in prepared remarks. “It appears to have no problem spending billions of dollars for the arms, equipment and airpower to carry out these wars. But it just can’t bring itself to step up to the plate and take responsibility for these wars.”
Why Craft Brewers Are Crying in Their Beer
It may be small beer compared to the problems faced by unemployed federal workers and the growing cost for the overall economy, but the ongoing government shutdown is putting a serious crimp in the craft brewing industry. Small-batch brewers tend to produce new products on a regular basis, The Wall Street Journal’s Ruth Simon says, but each new formulation and product label needs to be approved by the Treasury Department’s Alcohol and Tobacco Tax and Trade Bureau, which is currently closed. So it looks like you’ll have to wait a while to try the new version of Hemperor HPA from Colorado’s New Belgium Brewing, a hoppy brew that will include hemp seeds once the shutdown is over.
Number of the Day: $30 Billion
The amount spent on medical marketing reached $30 billion in 2016, up from $18 billion in 1997, according to a new analysis published in the Journal of the American Medical Association and highlighted by the Associated Press. The number of advertisements for prescription drugs appearing on television, newspapers, websites and elsewhere totaled 5 million in one year, accounting for $6 billion in marketing spending. Direct-to-consumer marketing grew the fastest, rising from $2 billion, or 12 percent of total marketing, to nearly $10 billion, or a third of spending. “Marketing drives more treatments, more testing” that patients don’t always need, Dr. Steven Woloshin, a Dartmouth College health policy expert and co-author of the study, told the AP.
70% of Registered Voters Want a Compromise to End the Shutdown
An overwhelming majority of registered voters say they want the president and Congress to “compromise to avoid prolonging the government shutdown” in a new The Hill-HarrisX poll. Seven in ten respondents said they preferred the parties reach some sort of deal to end the standoff, while 30 percent said it was more important to stick to principles, even if it means keeping parts of the government shutdown. Voters who “strongly approve” of Trump (a slim 21 percent of respondents) favored him sticking to his principles over the wall by a narrow 54 percent-46 percent margin. Voters who “somewhat approve” of the president favored a compromise solution by a 70-30 margin. Among Republicans overall, 61 percent said they wanted a compromise.
The survey of 1,000 registered voters was conducted January 5 and 6 and has a margin of error of 3.1 percentage points.
Share Buybacks Soar to Record $1 Trillion
Although there may be plenty of things in the GOP tax bill to complain about, critics can’t say it didn’t work – at least as far as stock buybacks go. TrimTabs Investment Research said Monday that U.S. companies have now announced $1 trillion in share buybacks in 2018, surpassing the record of $781 billion set in 2015. "It's no coincidence," said TrimTabs' David Santschi. "A lot of the buybacks are because of the tax law. Companies have more cash to pump up the stock price."
Chart of the Day: Deficits Rising
Budget deficits normally rise during recessions and fall when the economy is growing, but that’s not the case today. Deficits are rising sharply despite robust economic growth, increasing from $666 billion in 2017 to an estimated $970 billion in 2019, with $1 trillion annual deficits expected for years after that.
As the deficit hawks at the Committee for a Responsible Federal Budget point out in a blog post Thursday, “the deficit has never been this high when the economy was this strong … And never in modern U.S. history have deficits been so high outside of a war or recession (or their aftermath).” The chart above shows just how unusual the current deficit path is when measured as a percentage of GDP.