Archive

Archive for May 11, 2010

Hot Air » Dems to push $200 billion in spending before Memorial Day recess

May 11, 2010 Leave a comment

Yeah, I sure am glad the Dems passed that wonderful “Pay-Go” requirement.

Barack Obama has done a lot of posturing lately as a deficit hawk, especially after signing the Pay-Go legislation that supposedly requires Congress to pay for any new spending with new revenues or spending cuts elsewhere.  Since passing that rule in February, Democrats have repeatedly waived it in order to pass smaller bills.  With just a couple of weeks left before the Memorial Day recess, they’ll push legislation that will cost more than $200 billion — none of which will meet the Pay-Go requirement:

Congress faces a crush of votes on big-ticket items before the Memorial Day recess, setting up a debate on deficits less than six months before the November elections.

Democratic leaders are looking in the next three weeks to send President Barack Obama a slew of measures that cost more than $200 billion, including a multiyear extension of unemployment benefits, an extension of expiring tax provisions and Medicare doctor payments totaling $180 billion and a $33 billion Afghanistan war supplemental bill.

Because most of those costs won’t be paid for, Republicans plan to use those bills and the Democrats’ budget blueprint to highlight massive deficits ahead of the congressional midterm election. Republicans have recently been pointing to Greece’s dismal fiscal situation as a warning, claiming that the U.S. will be headed for a similar fate unless the deficits are curtailed.

“Washington Democrats’ out-of-control spending spree is scaring the hell out of the American people,” said Michael Steel, a spokesman for House Minority Leader John Boehner (R-Ohio). “It has to stop.”

Hot Air » Dems to push $200 billion in spending before Memorial Day recess

“Euro-socialism is on the verge of collapse”. Don’t worry, guys. Even though its proven to fail, Obama will push it here.

May 11, 2010 Leave a comment

Why are we pushing this crap when the EU is falling apart because of it?

Undoubtedly just a mental lapse on his part to admit this.

…EU president Van Rompuy warned that the bloc risks irrelevance and the end of its expensive welfare programs if it can’t speed up economic growth, forecast to expand by just 1 percent this year.

"With 1 percent growth we can’t finance our social model any more. With 1 percent structural growth we can’t play a role in the world," he told the World Economic Forum in Brussels. "We need to double the economic growth potential that we now have."

Many are skeptical that can be achieved

So just as the Europeans are clue’ing up that their shit don’t work, and money really doesn’t grow on trees, the US is dumbing down and looking to follow their failed example.

EU President: euro-socialism is on the verge of collapse

Follow

Get every new post delivered to your Inbox.