Monday, December 14, 2009
Another Omnibus Spending Bill - WSJ.com
Can anyone see what value we're getting for this money?
Our elected officials are totally out of control, and maybe out of their minds.
Voting for an incumbent seems like the dumbest thing a citizen might do...
Our elected officials are totally out of control, and maybe out of their minds.
Voting for an incumbent seems like the dumbest thing a citizen might do...
The Wall Street Journal editorializes about it:
"When it comes to spending, the Democrats who run Washington can't decide on their message. On the one hand, as President Obama said this week, they claim we have to 'spend our way out of this recession.' On the other, they keep telling us the deficit is too large and isn't 'sustainable.' In this tug of political spin, watch what they spend, not what they say.
And that means watching this weekend's expected Senate vote on a 1,088-page $445 billion 'omnibus' package of spending bills to fund the government for fiscal 2010. The House passed a similar elephant earlier this week, allowing federal agency budgets to increase spending by some $48 billion, or about 12% from 2009. That increase—when inflation is negligible—is in addition to the $311 billion in stimulus already authorized or out the door for these programs. Adding this new stash means that federal agencies will have received a nearly 70% increase in the last two years.
Oh, and that's not all. The President and Congress also want to spend as much as $200 billion more from the Troubled Asset Relief Program on still another stimulus, though this time we are supposed to call it a 'jobs' program, because stimulus now has a dirty political name."
