Brietbart reports that the House and Senate have passed $3.6 Trillion budget bills. These bills will have to be reconsiled, but the two bills appear to be very similar. Next year alone, each of these bills will create $1.2 Trillion of debt.
Nancy Pelosi is quote as saying “we have come here to make a difference.” I suppose a record increase in debt could be considered a differece. Adding taxes on those who create jobs during a floundering economy is another difference. It seems that change for change’s sake trumps change for the betterment of the country with the current leadership. These budgets are a move towards more Government spending, more generational debt, and handcuffing job growth.
On a positive note, chairities can breathe a sigh of relief as the Senate denied the option of cutting tax breaks on donations to charity.
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Posted under Economy
Written by admin on April 3, 2009
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You know I always thought that Obama was a socialist, but in reality he’s a fascist. Government control of private industry is the key phrase here, although the propaganda machine he has fits in nicely as well.
We live in the greatest country in the world… let’s change it.
She is making a difference alright. We are becoming a Socialist nation. I’m sure in some sick way they think that an extra $1 trillion in debt is a good thing, infact Joe Biden would say its Very patriotic.
The huge irresponsible deficits we keep taking down year after year are slowly destroying us. It is becoming evident as in the recent G20 meeting with America’s influence on the wane. The other leaders also know the age of America is over and they acted accordingly. This should be no surprise, anytime you act irresponsibly for as long as we have, it is going to have an effect, life just works that way. Good luck to us.