The GOP’s Impending Great Betrayal, Part 2

There are three great domestic policy threats to capitalist prosperity and constitutional liberty in America today—-the Climate Change Hoax, rampant fiscal profligacy and the rogue central bankers domiciled in the Eccles Building.

Yet if you look at the views of the most important GOP committee chair persons who superintend these crucial areas, they are all on the wrong side of the issues:

• Ways & Means Committee Chairman Jason Smith is against even a dime of reduction in Social Security and Medicare, even though they will account for 57% of non-interest, non-defense spending over the next decade;

• Financial Services Committee Chairman Patrick McHenry is an unabashed Fed fanboy and gushed with praise when Powell printed $3 trillion of new greenbacks after just four months of the pandemic (and $5 trillion by a year later);

• Reps Bruce Westerman and Cathy McMorris are chair persons of the key environmental committees and both embrace the predicate that there is a Climate Crisis caused by CO2 emissions from fossil fuels, which must be countered with sweeping government action.

Needless to say, most committee chairman lead from a position slightly to the rear of the rank and file. That’s how they assemble a majority during legislative mark-ups. And it’s also why the views of these committee chairs are pretty dispositive with respect to the likely non-action on the great issues which will confront the new GOP majority in the House.

In this context, we start with Rep. Jason Smith, who was elected to the Missouri House of Representatives at age 25 in 2005 and then the US House in 2013. So he has been on the public teat all of his working life and apparently thinks that Uncle Sugar has a bottomless wallet.

At least that’s implicit in his first utterance as the new House Ways and Means Chairman, when he recently told Fox Business host, Maria Bartiromo, that he knows a sacred cow when he sees one:

Smith responded, “Absolutely not, Maria. As Chair of the House Ways and Means Committee, we have control, sole jurisdiction over Social Security and most of Medicare. And I can tell you, we will not be cutting Social Security or Medicare in the House Ways and Means Committee. And that is exactly the truth.

In a word, Smith’s “no cuts” position on Social Security and Medicare is so retarded that it’s essentially game over when it comes to the burgeoning fiscal disaster which lies directly ahead.