Democrats Pass Government Bankruptcy Plan – Guess What Kids – You now Owe the Government $50,000!
Yup. A Crap Sandwich alright.
“With no Republican support, the House approved an $819 billion stimulus plan that will serve as the cornerstone of President Obama’s efforts to resuscitate the economy, an early victory for the new president but still a disappointment because of the lack of Republican votes.
The measure passed 244 to 188, with 11 Democrats and 177 Republicans voting against it.
The two-year economic package includes $275 billion in tax cuts and more than $550 billion in domestic spending on roads and bridges, alternative-energy development, health-care technology, unemployment assistance, and aid to states and local governments. It would also provide up to $500 per year in tax relief for most workers and more than $300 billion in aid to states for funding to help rebuild schools, provide health-care to the poor and reconstruct highways and bridges.
Despite a last-minute lobbying campaign by Obama — including coming to the Capitol yesterday for separate closed-door meetings with House and Senate Republicans — Republicans opposed the measure and argued that it spent hundreds of billions of dollars on Democratic initiatives that would do little to stimulate the economy or create jobs.”
Which it will do nothing of the kind. No more than the last batch of $700 in pork did. The good news is that the failure – and the deficit it will create will belong exclusively to Barack Obama and the Democrats. The breakdown for individual debt to the government will top $50,000 and might even go higher. Which means folks tax increases WILL come by the end of next year.
A silver lining though. Good job to the Republicans who finally stood up – all of them as a matter of fact. Party unity where it counts, at fiscal responsibility.
Mark the day, because a year from now when unemployment is double digit and inflation is out of control the GOP will have this to sweep them back into power.
Technorati Tags: Barack Obama, Pork, Government Waste









[...] view, then let them own it. Let them take credit for spending $1.2 trillion, tantamount to tens of thousands of dollars per family, for a package destined to fail. Let them own the [...]
And this guy is just beginning. He has promised reparations for slavery and $1 trillion to bring Africa out of poverty. Like as if anyone could save Africa from poverty. We have already poured trillions down that rat hole and those people aren’t any better of f than before we started.
The Democrats own this one. Americans have a short memory. A year from now when the economy is is worst shape, people will have forgotten about the promises of hope and will be calling for heads to roll. gThe House Republicans did the right thing in not supporting this. Its so full of wasteful spending PORK. This is the legacy that we are passing down to our future generations……….DEBT!
The Economy In The Laps of the Leftinistra…
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