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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