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This is CBS I In The World. I'm John Bachelor. The Wallsphere Journal Editorial tells the

story of Congress and the future. The title, the ugliest omnibus bill ever. Subhead, Congress

will pass a 4155-page bill. Most members will never read. I welcome my colleague.

Verneak De Regie of the Mercatus Center. Verneak has educated me about one big fact that

we're dealing with now in the imminent recession of solidarity here and in the ambition of

Federal Reserve to defeat the extremely high inflation. That is that Congress needs to

be part of the solution. The congressional spending of these last years is a driver for

the inflation number that we find unacceptable. Therefore, when Congress passes a new enormous

amount of spending, it suggests that the future is like the past. Run away inflation. Verneak,

I come to you because this is my amateur interpretation of the ugliest omnibus bill

ever. Is it justified? Is Congress make it worse? Good evening, John. No, it's not justified.

For one thing, the starting point above which this omnibus bill is raising discretionary

spending or spending, that's called spending, is a level of post-pandemic when it is basically

an inflated number of spending. I mean, after the pandemic, we should have returned to

a much lower level of spending, something like the 2019 level of spending. Instead, basically,

their starting point is spending after Congress and the two administration Trump and Biden

...