U.S. Taxpayers Risk $9.7 Trillion on Bailouts as Senate Votes.
The Social Medicine Legislation (National Health Care) hidden in the Stimulus Spending Bill will seriously affect senior citizens. Your future health benefits will also be greatly affected. How is this supposed to create jobs?
The Wall Street Journal, which was covering a recent White House meeting between the President and senior aides that discussed the many challenges the country faces, reported this week that even V.P. Biden had serious doubts. He was quoted as saying, “If we do everything right, if we do it with absolute certainty, there’s still a 30% chance we’re going to get it wrong.” Not very encouraging.
President Obama promised No Ear Marks in the Stimulus Spending Bill. However, the U.S. taxpayer continues to be fed Pork, Pork and more Pork. It’s the New Stimulant of Choice for Economic Chaos, helping to elevate the total cost of the Stimulus Bill to nearly $1 trillion dollars. How safe will our jobs be after the bill is passed?
“The inherent vice of capitalism is the unequal sharing of blessings; the inherent vice of socialism is the equal sharing of miseries.” –Winston Churchill
The Age of Obama begins with perhaps the greatest frenzy of old-politics and influence peddling ever seen in Washington. By the time the stimulus bill reached the Senate, reports the Wall Street Journal, pharmaceutical and high-tech companies were lobbying furiously for a new plan to repatriate overseas profits, yielding major tax savings. California wine growers and Florida citrus producers were fighting to change a single phrase in one provision. Substituting “planted” for “ready to market” would mean a windfall garnered from new “bonus depreciation” incentives.
According to the latest Rasmussen Poll, Americans are against the Stimulus Package. 50% of the population believe more harm will be done than good with the spending package proposed by Congress.
Sooie, Sooie, Pork Rules the Stimulus Spending Plan!
Provisions of the bill that many legislators are questioning:
Are you satisfied with the new Spending Package? Even with Congress reaching an agreement on reducing spending to $780 billion dollar? Most Americans are screaming NO!
The fact is, this bill was never meant as “stimulus” per se, but rather as a quick way for President Obama and the Democrat-led Congress to rush through their sweeping agenda for the country under the guise
of an emergency economic rescue. Why does Harry Reid want to vote for closure on a bill that the American public is against and is now literally hating?
The Buck started, and will stop with Nancy Pelosi (who is acting like the President and running the show) as the Senate and House figure out how to spend taxpayer money.
Too bad the American people have called them on it.
We’d like to see Obama be successful in his presidency. But his success will be built — can only be built — on winning voter support for his plans. Yes, he won the election, but he has yet to make the case for each and every one of his policies.
The latest Rasmussen Poll reports that a national telephone survey found 37% of Americans favor the legislation, 43% are opposed, and 20% are not sure.
These latest survey results are very similar to a recent Gallup survey which found that only 38% now support the recovery plan. The Gallup survey found that another 37% wanted major changes made to the legislation, and 17% said that it should be rejected entirely.
Two weeks ago, 45% supported the plan. Last week, 42% supported it.
Big Statement Made from Government Agency Against the Obama Spending Package Comes from the Congressional Budget Office, CBO.
President Obama’s economic recovery package will actually hurt the economy more in the long run than if he were to do nothing, the nonpartisan Congressional Budget Office said Wednesday.
CBO, the official scorekeepers for legislation, said the House and Senate bills will help in the short term but result in so much government debt that within a few years they would crowd out private investment, actually leading to a lower Gross Domestic Product over the next 10 years than if the government had done nothing.
The stimulus package is rolling through Congress like an express train packed with goodies, so an enormous deficit seems to be a given. Entitlements will go up instead of being brought under better control, auguring big future deficits. Where will the Treasury find all those trillions in a depressed world economy?
And what is going to happen when Congress has to deal with Social Security, Medicare, Medicaid and other entitlements? Trust me, we are just at the tip of the iceburg!