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road kill
12-11-2009, 10:51 AM
Speaker Pelosi’s Spendapalooza

Next week Speaker Nancy Pelosi (D-CA) is expected to attach a provision to the Department of Defense appropriations bill that would increase our national debt limit by $1.925 trillion. This debt limit raise would authorize the U.S. Treasury to borrow as much as $14 trillion, which is 30% higher than the $10.8 trillion limit that was in place when President Barack Obama took office.

Defending the unprecedented size of the debt limit, Majority Leader Steny Hoyer (D-MD) told The Examiner: “There is no doubt the debt ceiling will have to be at that level in order to meet our financial obligations at this time next year. This is not creating new debt.” Not creating new debt? Hoyer speaks as though he and his Speaker are completely powerless to control all the federal spending that is driving up “our financial obligations.” In fact, Hoyer’s statement comes on the same day that he and Speaker Pelosi forced through a $447 billion “minibus” spending bill that every single Republican and 28 Democrats voted against.

Filled with 5,224 earmarks, this merged appropriations bill provides an 8% hike in discretionary spending for the third consecutive year since Pelosi took over Congress in 2007. Altogether, discretionary spending has jumped 25% since Speaker Pelosi took the gavel, and Congressional Democrats have spent $561 billion more in discretionary spending than if they had limited federal spending growth to the baseline inflation rate. Despite a $1.4 trillion deficit, appropriations bills passed this year have included:


A 67% increase for the Environmental Protection Agency’s State and Tribal Assistance Grants;
A 30% increase for the Corporation for National and Community Service;
A 9% increase for Amtrak;
An 8.4% increase for Lawmakers’ Office Allowances; and
An 8.1% increase for the National Endowment for the Arts.

This is not the budgeting of a Congress even minimally serious about the budget deficit. And each large annual discretionary spending increase becomes part of the permanent discretionary spending baseline. In fact, the steep increases over the past three years have added $1.7 trillion to the 2011-2020 discretionary spending baseline – nearly $1,500 per household annually. In the past year, Pelosi’s House has passed a $700 billion financial bailout and a trillion dollar stimulus, a $1.5 trillion health care expansion, a $200 billion Medicare “doc fix,” and an $800 billion cap-and-trade bill. There is no increase to domestic federal spending that Speaker Pelosi can say “no” to.

It is far past time for responsible leaders in Congress to rein in Pelosi’s profligacy. At a bare minimum, lawmakers should demand that any debt-limit increase also statutorily cap discretionary spending growth at the inflation rate (approximately 2.5 percent annually) for the next decade. Even better, a return to federal spending levels of just a decade ago could go a long way towards solving our debt problem. Heritage’s Brian Riedl explains:

In the 1980s and 1990s, Washington consistently spent $21,000 per household (adjusted for inflation). Simply returning to that level would balance the budget by 2012 without any tax hikes. Alternatively, returning to the $25,000 per household level (adjusted for inflation) that Washington spent before the current recession would likely balance the budget by 2019 without any tax hikes.





Could one of youse SPIN this so I can understand it?
Or ....PLEASE Snopes & fact check it....show me this isn't realy happening!!

PLEASE!!!

Bob Gutermuth
12-11-2009, 10:56 AM
It means we are being governed by a group of gonovim who wear stocking masks and carry guns.

ducknwork
12-11-2009, 11:45 AM
RK, were you upset like this when Bush was spending so much money?



Just wanted to beat them to it regards,:D

road kill
12-11-2009, 02:57 PM
RK, were you upset like this when Bush was spending so much money?



Just wanted to beat them to it regards,:D


Yes I was....but Bush was an amateur!!:D

dnf777
12-11-2009, 03:21 PM
Maybe someone can explain why it's so hard to understand how to balance a budget. Did Obama, Bush, Bush I, or Reagan NEVER have to run a household. Really, pay the rent or mortgage, electric bill, water bill, buy groceries....subtract that amount from the register, and end up with a positive number? Not even when they were young and not yet famous? I know Bush II did not, but how 'bout the others?

Also, why do so many people (reps and dems) say the only fair way for everyone to pay their fair share is with a flat tax, but don't think it's fair that all programs and people simply accept a "flat funding cut" in the same vien?

To me, it's simple. Figure out by what percentage we're over our revenues for a given year, and apply that percentage of a cut to ALL gov't funded programs. Voila! Nobody can bitch and moan any more than anyone else. And at the end of the day, the janitor can look at the CEO and know they BOTH did their fair share to reduce the deficit.