Senate Republicans have unveiled their plan to fund immigration enforcement and President Donald Trump's ballroom, and the proposal might take fiscal irresponsibility to a new record high.

The two bills included in the package call for spending nearly $72 billion. Remarkably, every single dollar would be borrowed.

That's according to the Congressional Budget Office's (CBO)analysis of the bill, which was released on Wednesday morning. According to the CBO, the bill would direct $38 billion to Immigration and Customs Enforcement (ICE) and spend $26 billion on various programs run by Customs and Border Protection (CBP).

The largest share of the CBP funding is $19.1 billion to allow the agency to "hire, pay, train, and equip border patrol agents, officers, and support staff,"according to the CBO. Another $3.5 billion will fund screening efforts at the border.

The so-called reconciliation package isan attemptby Republicans tobypass Democratic oppositionto funding immigration enforcement and Trump's planned new ballroom at the White House. The Senate's reconciliation process, which was created by the Budget and Impoundment Control Act of 1975, is supposed to give Congress a tool for controlling or reducing spending. Under the rules that typically govern reconciliation, any spending increases must be offset with cuts elsewhere.

In this case, however, reconciliation is being used to pass what is effectively a supplemental appropriation—but to do so by bypassing the filibuster, says William W. Beach, executive director of the Fiscal Lab on Capitol Hill.

"This is a precedent-setting move," and one that will likely be repeated in the future, Beach tellsReason. "I'm worried about it, because it gives almost unlimited spending authority to the majority."

Sen. Jeff Merkley (D–Ore.), the top Democrat on the Senate Budget Committee, said ina statementthat he was prepared to "vigorously challenge any provision" of the package that violates the Senate's rule governing the reconciliation process.

That process was "originally designed to make deficit reduction easier. Republicans are using it to make deficit expansion easier," wrote Dominik Lett, a fiscal policy analyst for the Cato Institute, in an email toReason.

After reviewing the CBO's assessment, Lett confirmed that every single dollar in the spending bill will be borrowed. "They don't even attempt to include offsets," he wrote.

Source: Drudge Report