The joke here is that the White House is claiming this as just another method for the government to borrow money it has to borrow anyway.
Check it out:
You’re not stuck on quaint notions like, Congress passes the laws, are you? Because there’s lots of good legislating being done in the White House and you – you are SO ungrateful – are hardly even noticing.
Take the new MyRA savings account. Even I thought this might be a good idea. And it is a good idea. A GOOD IDEA FOR SUBVERTING THE CONSTITUTION.
How does a president create a whole new program, one that costs cash money, without it being appropriated by Congress?
I’m waiting for an answer.