This is a video, highlighted by Nearly Nobody's News, that shows the heated debate on the tax day tea parties happening today. Liberals are calling these events a sham, manufactured, and a fraud.
By no means am I excusing the enormous amount of deficits of previous Republican administrations, but when making an argument that Democrats are fiscally responsible, one must consider the following:
-President Obama proposed a $789,000,000,000 stimulus bill, that adds $800 billion to the deficit, and spends most of the money two years from now, when America is predicted to be out of its recession.
-President Obama signed a $400,000,000 dollar spendulus bill, filled with massive amounts of pork.
-President Obama has proposed a $3,600,000,000,000 budget, filled with more than 8000 earmarks.
-Projections of deficits created by his budget for the next ten years total over $9.6 trillion (Four times the size of President Bush's deficits)
-Deficits under President Obama would never go below 4% of the total economy, a number economists say is unsustainable. Even Peter Orzag, White House Budget Chief, agreed.
-The President said his budget would cut the deficit in half, by the end of his first term. The CBO projects the deficit to be $139 billion larger than expected.
-The CBO projects higher revenue levels for the federal government. Although instead of using the extra money to pay for the deficits, President Obama will use it for a down payment to his universal health care plan.
So when one talks about fiscal responsibility, one must admit that in less than 100 days in office, the Obama Administration has doubled the deficit. It is being disingenuous to say that the Democrats are the party of fiscal responsibility. The truth is, in Washington, there is no fiscal responsibility. The total federal debt is the responsibility of both parties. To show you some scary statistics, watch this video highlighted by The Conservative Cloakroom. It will blow your mind, and might convince you to attend one of these tea parties.
I admit, it was a big step when in two years of the Clinton Administration, there was a surplus. But that deserves a golf clap. That is only one step of many, when it comes to eliminating the federal debt.
Finally, it is not a sham to protest this out of control spending. It is almost an obligation of the American people. The more America spends, the more money we owe to the Chinese. It weakens our power on the world stage when the Chinese can blackmail us with our own debt. The American People must stand up today and tell the Congress, and the President, that they work for us. And our message to them, is to stop spending our money.
Source: http://news.yahoo.com/s/ap/20090320/ap_on_go_pr_wh/obama_budget
-President Obama proposed a $789,000,000,000 stimulus bill, that adds $800 billion to the deficit, and spends most of the money two years from now, when America is predicted to be out of its recession.
-President Obama signed a $400,000,000 dollar spendulus bill, filled with massive amounts of pork.
-President Obama has proposed a $3,600,000,000,000 budget, filled with more than 8000 earmarks.
-Projections of deficits created by his budget for the next ten years total over $9.6 trillion (Four times the size of President Bush's deficits)
-Deficits under President Obama would never go below 4% of the total economy, a number economists say is unsustainable. Even Peter Orzag, White House Budget Chief, agreed.
-The President said his budget would cut the deficit in half, by the end of his first term. The CBO projects the deficit to be $139 billion larger than expected.
-The CBO projects higher revenue levels for the federal government. Although instead of using the extra money to pay for the deficits, President Obama will use it for a down payment to his universal health care plan.
So when one talks about fiscal responsibility, one must admit that in less than 100 days in office, the Obama Administration has doubled the deficit. It is being disingenuous to say that the Democrats are the party of fiscal responsibility. The truth is, in Washington, there is no fiscal responsibility. The total federal debt is the responsibility of both parties. To show you some scary statistics, watch this video highlighted by The Conservative Cloakroom. It will blow your mind, and might convince you to attend one of these tea parties.
I admit, it was a big step when in two years of the Clinton Administration, there was a surplus. But that deserves a golf clap. That is only one step of many, when it comes to eliminating the federal debt.
Finally, it is not a sham to protest this out of control spending. It is almost an obligation of the American people. The more America spends, the more money we owe to the Chinese. It weakens our power on the world stage when the Chinese can blackmail us with our own debt. The American People must stand up today and tell the Congress, and the President, that they work for us. And our message to them, is to stop spending our money.
Source: http://news.yahoo.com/s/ap/20090320/ap_on_go_pr_wh/obama_budget
Posts
No comments:
Post a Comment