February 24, 2009

Wild Spending Spree

What is the tally so far for Democrats' spending since election day? It's a virtual spending spree of dizzying proportions. Today the Democrats announced a $410 Billion pet project government spending bill.
Where did this mysterious shortfall suddenly materialize? They are unbelievable going to try to slip $410 Billion under the radar. It's labeled as money to keep the government running. but even the AP isn't biting on that bait.

The measure includes thousands of earmarks, the pet projects favored by lawmakers but often criticized by the public in opinion polls. There was no official total of the bill's earmarks, which accounted for at least $3.8 billion.

The legislation, which includes an increase of roughly 8 percent over spending in the last fiscal year, is expected to clear the House later in the week.

Democrats defended the spending increases, saying they were needed to make up for cuts enacted in recent years or proposed a year ago by then-President George W. Bush in health, education, energy and other programs.

How can you possibly try to defend a spending increase at this point in time? Oh yeah, blame Bush. But really? Any increase now is insane. But money is flying out the door so fast that they must be figuring that the blur of money leaving will stop people from realizing any of the specifics. But 8%???? This must be a joke.

Then there's a$900 million for a Gaza rebuild. Small, relatively speaking, but what a waste. And then there's the release of the other $350 billion of TARP money, now committed in addition to the original $350 Billion released by the Bush administration. And the bailout of the Big 3 automotive companies rose to $39 Billion (both committed and additionally requested.

Let's not forget the $787 Billion American Recovery and Reinvestment Act (for which Senators should be committed). According to the Heritage Foundation, the true cost could be closer to $3.27 Trillion. And then there's the Mortgage Bailout plan of $75 Billion called the Homeowner Stability Initiative (which is in reality a reallocation of some of the $700 Billion TARP money).

Already we are up to $1.5869 Trillion dollars - without the Heritage Foundation analysis of real costs on the ARRA. And all of this is before the health care costs Obama will undoubtedly want to take a run at prior to his re-election bid. For the sake of clarity - Obama has been President for 36 days. That means on average the Democrats are frittering away $44.08 Billion PER DAY.

PER DAY people! At this rate in his first year Obama and the Democrats would commit over $16 Trillion in spending and bailout and whatever-the-hell-else-they-want money! People are tightening their belts in reaction to the doomsday talk of President Obama. Yet the government is intent on blowing the doors of fiscal sanity. There is a danger of a doomsday happening, but not because of the recession. Rather it's the air strike being called in by the Obama administration and the Spendocrats in Congress and the Senate. There's a real danger here that they will but America on an unrecoverable road to ruin.

February 27, 2009. The American Tea Party. It's in your best interest to have your voice heard on this - participate.

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