Ohhh so true. The phrase that congress controls the purse strings is true, It is constitutionally set that way. But don't bring up that every dime Bush spent his last 2 years was approved by a dem controlled congress. But you never hear that brought up by the media or Obama do you?
Bush pushed the first stimulus through, with dems writing the law, and was rightfully ripped for spending that much by the dems only to have Obama to push another 787 billion ( don't want to be out done by Bush ). Then the current administration takes money from tarp that was for bad mortgages and spends it on everything under the sun like the auto bailout. Read the tarp bill, you will never see GM or Chrysler or aut bailout anywhere in it. But they spent it and didn't care. Because they now the media has their back on it.
And did you like how Turbo Tax Tim was openly laughed at in China as he was trying to convince them that he has everything under control and that the US dollar and debt is a safe bet.
I also find it so funny that the media is crowing how Obama will get us back to deficits that are ony a 100 billion or so more than the deficits that Bush left office at. So can us conservatives start bitching and moaning now that Obama has squandered Bush's smaller deficits? Here are a couple more interesting tidbits from the Heritage Foundation:
¦President Bush expanded the federal budget by a historic $700 billion through 2008. President Obama would add another $1 trillion.
¦President Bush began a string of expensive financial bailouts. President Obama is accelerating that course.
¦President Bush created a Medicare drug entitlement that will cost an estimated $800 billion in its first decade. President Obama has proposed a $634 billion down payment on a new government health care fund.
¦President Bush increased federal education spending 58 percent faster than inflation. President Obama would double it.
¦President Bush became the first President to spend 3 percent of GDP on federal antipoverty programs. President Obama has already increased this spending by 20 percent.
¦President Bush tilted the income tax burden more toward upper-income taxpayers. President Obama would continue that trend.
¦President Bush presided over a $2.5 trillion increase in the public debt through 2008. Setting aside 2009 (for which Presidents Bush and Obama share responsibility for an additional $2.6 trillion in public debt), President Obama’s budget would add $4.9 trillion in public debt from the beginning of 2010 through 2016.
Re: This must be inherited
Member #: 61931
Registered: 9/16/2008
Posted:
963
Occupation:
Tower Contractor
Location:
PA
Personal:
mid 50s
Experience:
~37 years
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