President Obama's budget spends more than it takes in by $1.75 trillion. He shouldn't stand for that and cut at least $1.8 trillion out of his spending proposals.
Yes, that's trillion with a "t." He can start by cutting out the big bailouts and let the system self-adjust, as painful as it will be. All they have to do is protect the value of the U.S. currency, as is Constitutionally required. That will leave him about $800 billion to cut in spending.
He should make these cuts now, and inject the system with a bit of self-discipline, which will help us more in the long run, rather than loaning billions to companies that will fail, unless they learn how to take in more than they spend.
But the socialists won't allow that to happen. They'll keep throwing other people's money at the problem until we are teetering on the brink. How many more problems are they going to create in trying to solve the current ones?
Showing posts with label stimulus. Show all posts
Showing posts with label stimulus. Show all posts
Thursday, February 26, 2009
Thursday, February 12, 2009
Stimulus is 100% Pork That Has Simply Been Repackaged: Same Thing CAN Be Done for $170 Billion
The entire stimulus bill needs to be scrapped; it's full of CRAP! The current plan has stuff in it that has NOTHING to do with providing jobs.
STD prevention, more funding for NASA, a federal tracking system for your health treatments, tax breaks for Hollywood to purchase movie film, Smithsonian funding, smoking cessation, providing public computer centers, alcohol and substance abuse reduction, Farm Service Agency computer upgrades, golf carts for golf courses and dozens of other pork projects totaling $124 BILLION, and that's the stuff that's the stuff we know about.
Pelosi & company are keeping REAL quiet about what's actually in the bill. As of 10:38pm Thursday, Congress hasn't even seen the 780 page bill that they're voting on Friday morning, and they're out securing votes for a plan that no one has even seen in it's entirety. Congress should be ashamed of itself!
Welcome to the Democratic change that President Obama was promising.
What else is in this piece of crap bill?
On a side note, I found it very interesting to read about a Congressional Blue Dog (Conservative Democrat) alternative that does what the current monstrosity of a stimulus rescue plan does, except it does it a lot cheaper and wiser.
Instead of spending nearly $800 billion on pork, which the Democratic Congress is ram-rodding through, the Blue Dogs came up with a $170 billion plan that accomplishes the intended effect of stimulating the economy and implements controls that are missing in Pelosi & Company's $800 billion stimulus plan.
And the Blue Dog plan self-terminates when the economy recovers. The Blue Dogs call it their "Strategic Targeted American Recovery and Transition Act" or START Act.
It's an interesting read.
STD prevention, more funding for NASA, a federal tracking system for your health treatments, tax breaks for Hollywood to purchase movie film, Smithsonian funding, smoking cessation, providing public computer centers, alcohol and substance abuse reduction, Farm Service Agency computer upgrades, golf carts for golf courses and dozens of other pork projects totaling $124 BILLION, and that's the stuff that's the stuff we know about.
Pelosi & company are keeping REAL quiet about what's actually in the bill. As of 10:38pm Thursday, Congress hasn't even seen the 780 page bill that they're voting on Friday morning, and they're out securing votes for a plan that no one has even seen in it's entirety. Congress should be ashamed of itself!
Welcome to the Democratic change that President Obama was promising.
What else is in this piece of crap bill?
On a side note, I found it very interesting to read about a Congressional Blue Dog (Conservative Democrat) alternative that does what the current monstrosity of a stimulus rescue plan does, except it does it a lot cheaper and wiser.
Instead of spending nearly $800 billion on pork, which the Democratic Congress is ram-rodding through, the Blue Dogs came up with a $170 billion plan that accomplishes the intended effect of stimulating the economy and implements controls that are missing in Pelosi & Company's $800 billion stimulus plan.
And the Blue Dog plan self-terminates when the economy recovers. The Blue Dogs call it their "Strategic Targeted American Recovery and Transition Act" or START Act.
It's an interesting read.
Friday, December 19, 2008
Biden Talks of ANOTHER $700 Billion Stimulus: This is a BAD Idea
VP-elect Biden said during an interview today that the "...economy is in danger of absolutely tanking" and would take another stimulus (in the range of $600-700 billion) to get things back on track.
I would like to know if this will involve borrowing more money from China.
Because if it does, then I am absolutely opposed to this move. We CANNOT afford more debt. They should be doing these stimuli from money they already have in the bank from taxes. They need to be PAYING DOWN the debt, not increasing it.
The cumulative effect of all this debt will lead to the end that Biden is currently predicting, and the bill WILL come due eventually.
I would like to know if this will involve borrowing more money from China.
Because if it does, then I am absolutely opposed to this move. We CANNOT afford more debt. They should be doing these stimuli from money they already have in the bank from taxes. They need to be PAYING DOWN the debt, not increasing it.
The cumulative effect of all this debt will lead to the end that Biden is currently predicting, and the bill WILL come due eventually.
Thursday, July 17, 2008
Rebate Checks Round 2: Bad Idea
There is a possibility of another round of rebate checks from the government to stimulate the economy. I disagree with this kind of thinking due to the fact that the feds will have to borrow tens of billions of dollars to pay for the package, just as they did earlier this year. In fact, they had to borrow $191 billion.
Going further into debt to China and other international lenders is a TERRIBLE idea, and I renew my objections to it. This proposal should not see the light of day.
No government should spend more money than it takes in. There's a reason that the economy is in the condition that it's in: we are $10 trillion in debt, our dollars are devaluing on the international market, which is also helping to drive up the price of fuel, which is driving up the cost of everything else.
This is NUTS, and we have to put our collective foot down somewhere to break this vicious cycle.
Going further into debt to China and other international lenders is a TERRIBLE idea, and I renew my objections to it. This proposal should not see the light of day.
No government should spend more money than it takes in. There's a reason that the economy is in the condition that it's in: we are $10 trillion in debt, our dollars are devaluing on the international market, which is also helping to drive up the price of fuel, which is driving up the cost of everything else.
This is NUTS, and we have to put our collective foot down somewhere to break this vicious cycle.
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