Tigers X - Number one Source to Talk Auburn Tigers Sports

More spending to come

AUTiger1

  • ****
  • 9872
  • Eat a Peach
More spending to come
« on: February 25, 2009, 10:28:16 PM »
I'm not even going to bother adding emphasis.  I get more pissed off every time I read the news. 


http://finance.yahoo.com/news/House-Democrats-propose-410B-apf-14450221.html

Quote
House Democrats propose $410B spending bill
House bill to keep govt. running totals $410 billion, features thousands of pet projects

    * David Espo, AP Special Correspondent
    * Tuesday February 24, 2009, 8:50 am EST

WASHINGTON (AP) -- House Democrats unveiled a $410 billion spending bill on Monday to keep the government running through the end of the fiscal year, setting up the second political struggle over federal funds in less than a month with Republicans.

The measure includes thousands of earmarks, the pet projects favored by lawmakers but often criticized by the public in opinion polls. There was no official total of the bill's earmarks, which accounted for at least $3.8 billion.

The legislation, which includes an increase of roughly 8 percent over spending in the last fiscal year, is expected to clear the House later in the week.

Democrats defended the spending increases, saying they were needed to make up for cuts enacted in recent years or proposed a year ago by then-President George W. Bush in health, education, energy and other programs.

Republicans countered that the spending in the bill far outpaced inflation, and amounted to much higher increases when combined with spending in the stimulus legislation that President Barack Obama signed last week. In a letter to top Democratic leaders, the GOP leadership called for a spending freeze, a step they said would point toward a "new standard of fiscal discipline."

Either way, the bill advanced less than one week after Obama signed the $787 billion economic stimulus bill that all Republicans in Congress opposed except for three moderate GOP senators.

Apart from spending, the legislation provides Democrats in Congress and Obama an opportunity to reverse Bush-era policy on selected issues.

It loosens restrictions on travel to Cuba, as well as the sale of food and medicine to the communist island-nation.

In another change, the legislation bans Mexican-licensed trucks from operating outside commercial zones along the border with the United States. The Teamsters Union, which supported Obama's election last year, hailed the move.

The Bush administration backed a pilot program to permit up to 500 trucks from 100 Mexican motor carriers access to U.S. roads.

The legislation covers programs for numerous Cabinet-level and other agencies, and takes the place of regular annual spending bills that did not pass last year as a result of a deadlock between the Bush administration and the Democratic-controlled Congress.

Congressional expenses are included. The bill provides $500,000 for what is described as a Senate "pilot program" that will defray the cost of mass mail postcards to households notifying them of a nearby town meeting to be attended by any senator.
friendly
0
funny
0
like
0
dislike
0
No reactions
No reactions
No reactions
No reactions
Courage is only fear holding on a minute longer.--George S. Patton

There are gonna be days when you lay your guts on the line and you come away empty handed, there ain't a damn thing you can do about it but go back out there and lay em on the line again...and again, and again! -- Coach Pat Dye

It isn't that liberals are ignorant. It's just they know so much that isn't so. --Ronald Reagan

Tarheel

  • Pledge
  • ***
  • 4166
  • "I'm not really wise, but I can be cranky."
Re: More spending to come
« Reply #1 on: February 26, 2009, 11:15:48 AM »
I'm not even going to bother adding emphasis.  I get more pissed off every time I read the news. 


http://finance.yahoo.com/news/House-Democrats-propose-410B-apf-14450221.html


A billion here and a billion there...I think that the sheeple are becoming so desensitized to these enormous dollar amounts that it doesn't mean anything anymore.

Inflation is coming.
friendly
0
funny
0
like
0
dislike
0
No reactions
No reactions
No reactions
No reactions
The question isn't who is going to let me; it's who is going to stop me. 
-Ayn Rand

The problem with socialism is that eventually you run out of other people's money.
-The Right Honourable Margaret Thatcher

The government solution to a problem is usually as bad as the problem.
-Milton Friedman

The nine most terrifying words in the English language are: 'I'm from the government and I'm here to help.'
-Ronald Reagan

When the people fear their government, there is tyranny; when the government fears the people, there is liberty.
-Thomas Jefferson