Interesting Fact
Jun 10th, 2009 by David Anderson
When President Obama called for Paygo, it felt like Santa Claus just came out against materialism at Christmas. I thought it would be interesting to see where the deficit was before Democrats passed Paygo in 2007. Republican spend thrifts 150+ billion dollar deficit. Democrat Congress 400 billion dollar deficit. Democrat Congress and President 1.8 Trillion dollar deficit.
Democrats complaining about Republican over spending is like a husband complaining about his wife charging a $1000 on a credit card when he just came back from buying a luxury car and writing a home equity check for a new boat pulled by a debt funded RV.
Paygo is a defense against mischevious tax-cut amendments from Republicans.
Democrats complaining about Republican over spending is like a husband complaining about his wife charging a $1000 on a credit card when he just came back from buying a luxury car and writing a home equity check for a new boat pulled by a debt funded RV.
Not at all. My wife funded her graduate education in large part with credit and now has a high paying job as a result. If Bush had used credit in that way there would have been no problem. But he didn’t. He blew it on stupid stuff that didn’t advance prosperity, and accompanied it with policies designed to channel the money away from working people and into the pockets of the rich.
Or, if he had passed up some or all of the tax cuts on the rich he might have ended his term in surplus, or at least on a healthier basis for jobs and the business climate.
There is nothing luxurious about spending money to restore the economy.
Building a homeland security apparatus, funding a war, saving the airlines and financial services industry post 9/11, and rebuilding from natural disasters didn’t qualify?
Many of our Honored and Esteemed President’s wish list items have little to do with economic stimulus. I have no problem with short term spending to right the economy such as money to fix the mortgage crisis or stimulative tax cuts, unemployment, and state aid. Those are not long term issues. Revamping health care has little to do with any restoring our economy. His energy policy is not an economic growth prescription. They may or may not be a valid goals, but let’s not pretend they are economic stimulus.
Health care reform and energy reform are economic essentials. Nothing will work if we keep burning oil and paying vigorish to the health insurance industry.
Noman said it exactly right. PayGo is about stopping tax cuts not controlling spending.
It is a fraud. If the President said deficits don’t matter-our priorities do, at least his actions and rhetoric would match. This is a sad joke and insult to the intelligence of Americans.
I disagree with #3. The type of energy reform being proposed does the opposite. The health bill is suppose to pass in a month but it isn’t even public so I can’t judge it.
I would prefer a new Gramm, Rudman, Hollings Act. If Congress does not hold down spending, it happens automatically.
“..and energy reform are economic essentials.
China currently has 12 nuclear power plants under construction; Korea 5, India 6, and Russia 8. Today, France and Japan operate 59 and 53 plants, respectively.
Apparently, much of the world believes that fission is the future. Everybody’s out of step but Johnny.