The Supreme Court has agreed to take up a case brought against a consumer protection agency that could unleash a deluge of abusive financial practices onto the public, and threaten to end entire welfare programs like Social Security and Medicare.
of dollars from the public to fraudsters and groups looking to make a quick buck with abusive practices and scams.of the federal government deemed unconstitutional, according to the Project on Government Oversight. As’s David Dayen wrote, there are numerous other crucial programs and regulators that are funded in a similar manner to CFPB, and an enterprising conservative Supreme Court justice could potentially seek to nix the funding mechanisms of those programs too.
“The plain logic of the Fifth Circuit is that only Congress can authorize appropriations directly from general fund revenues. Any other system of funding agencies or programs is questionable. So say goodbye to the [Federal Deposit Insurance Corporation ], the [Food and Drug Administration ], and the Fed on the agency side, and all mandatory programs like Social Security on the spending side,” Dayen wrote in October.
“The bottom line is that a creative and determined conservative judge could easily state that the plain language of the Constitution rejects all mandatory spending, making Social Security, Medicare, food stamps, welfare benefits, and more illegal,” Dayen continued.We’re proud to publish real news 365 days of the year, completely free of charge to our readers.
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