By Any Means Necessary: Stimulus Package Needed Soon [View article]
During the last 40-50 years, each political party has (at various times) controlled Congress, the White House or both. We've had economic booms and recessions.
As the first commenter (pasttense) points out, they ALL run deficits. Bigger and bigger and bigger deficits.
Clinton supposedly ran a *budget* surplus, but this was basically an accounting quirk and not reality. The government has taken to claiming all sorts of costly items "don't count" -- of course you can run a balanced budget if you don't count your biggest expenses! Looking at things more accurately, Clinton -- like everyone else-- ran a huge *spending* deficit
So recently, The Bush administration wasted $750 billion in TARP money accomplishing nothing other than racking up more debt for our kids to pay. The Democrats step in last month and show small minded people that they "care more" by spending a slightly bigger amount ($850 billion) of our kids money. Only small minded people believe that a politicians "caring" should be measured by how much money they throw at us.
The government has no credible means to spend $850 billion intelligently. There aren't that many shovel ready projects-- so Congress is allocating the money to state governments... how many times have we heard this song before? The states have demonstrated, decade after decade, an ability to spend vast amounts of money on waste and fraud. The "big dig" in Boston was supposed to cost $3.5 billion and had been planned for many years -- it went years over schedule and eventually cost $14 billion. This "stimulus" nonsense was planned for less than two months -- how can anyone suggest with a straight face that this money will be spent better?
And as if anyone really needed further proof that nothing much has changed in Washington, the administration is warning about the end of the world if we don't pass their spending program immediately and without thought-- very George Bush like, except this time it is Barack Obama.
More proof? The Congressional Budget Office (CBO) is controlled by Congress (ie democrats), meaning a majority of the "unbiased economists" were hired by Democrats... The CBO has said that Obama's stimulus package will HURT the economy over the long haul www.washingtontimes.co.../
New faces in Washington, but they are up to the same old tired and discredited "spend, spend, spend" policies as the last 50 years.
By Any Means Necessary: Stimulus Package Needed Soon [View article]
As the first commenter (pasttense) points out, they ALL run deficits. Bigger and bigger and bigger deficits.
Clinton supposedly ran a *budget* surplus, but this was basically an accounting quirk and not reality. The government has taken to claiming all sorts of costly items "don't count" -- of course you can run a balanced budget if you don't count your biggest expenses! Looking at things more accurately, Clinton -- like everyone else-- ran a huge *spending* deficit
So recently, The Bush administration wasted $750 billion in TARP money accomplishing nothing other than racking up more debt for our kids to pay. The Democrats step in last month and show small minded people that they "care more" by spending a slightly bigger amount ($850 billion) of our kids money. Only small minded people believe that a politicians "caring" should be measured by how much money they throw at us.
The government has no credible means to spend $850 billion intelligently. There aren't that many shovel ready projects-- so Congress is allocating the money to state governments... how many times have we heard this song before? The states have demonstrated, decade after decade, an ability to spend vast amounts of money on waste and fraud. The "big dig" in Boston was supposed to cost $3.5 billion and had been planned for many years -- it went years over schedule and eventually cost $14 billion. This "stimulus" nonsense was planned for less than two months -- how can anyone suggest with a straight face that this money will be spent better?
And as if anyone really needed further proof that nothing much has changed in Washington, the administration is warning about the end of the world if we don't pass their spending program immediately and without thought-- very George Bush like, except this time it is Barack Obama.
More proof? The Congressional Budget Office (CBO) is controlled by Congress (ie democrats), meaning a majority of the "unbiased economists" were hired by Democrats... The CBO has said that Obama's stimulus package will HURT the economy over the long haul
www.washingtontimes.co.../
New faces in Washington, but they are up to the same old tired and discredited "spend, spend, spend" policies as the last 50 years.