Day After Obama Promises to Curb Spending-Dems Pass Largest Debt Increase in History

Discussion in 'Congress' started by Neotrotsky, Jan 28, 2010.

  1. Neotrotsky
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    Neotrotsky Council to Supreme Soviet

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    Day After Obama Promises to Curb Spending-Dems Pass Largest Debt Increase in History

    Tip: Gateway Pundit

    After tripling the national deficit in one year, last night Democratic President Barack Obama promised he would not leave Americans with a mountain of debt.

    Rather than fight the same tired battles that have dominated Washington for decades, it’s time to try something new. Let’s invest in our people without leaving them a mountain of debt. Let’s meet our responsibility to the citizens who sent us here. Let’s try common sense… To do that, we have to recognize that we face more than a deficit of dollars right now. We face a deficit of trust -– deep and corrosive doubts about how Washington works that have been growing for years. To close that credibility gap we have to take action on both ends of Pennsylvania Avenue — to end the outsized influence of lobbyists; to do our work openly; to give our people the government they deserve.

    Today ALL 60 democrats in the US Senate voted for the largest increase in debt in US history.

    The Hill reported:

    Senate Democrats passed a $1.9 trillion increase in the federal debt limit Thursday, seeking to push off another politically painful debt vote until after the midterm elections.

    All 60 Democrats and no Republicans voted for the debt limit increase. The measure, which the House has yet to vote on, would put the debt ceiling at roughly $14.3 trillion.
     
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  2. Oddball
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    Oddball BANNED Supporting Member

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    Why, those obstructionist republicans just want to stop....um....er...oh yeah....:rolleyes:
     
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  3. Neotrotsky
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    Neotrotsky Council to Supreme Soviet

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    Just think how much they will save on health care
    :lol:
     
  4. rightwinger
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    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

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    How does one pay for two wars that were financed through a tax cut without running a deficit?
     
  5. Neotrotsky
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    Neotrotsky Council to Supreme Soviet

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    Probably the same way they will pay for this
    :eusa_whistle:

    Obama to Spend $10.3 Trillion on Welfare: Uncovering the Full Cost of Means-Tested Welfare or Aid to the Poor'

    Obama Scheduled to Spend more on Welfare than Entire Iraq War

    In his first two years in office, President Barack Obama will increase annual federal welfare spending by one-third from $522 billion to $697 billion. The combined two-year increase will equal almost $263 billion ($88.2 bil lion in FY 2009 plus $174.6 billion in FY 2010). After adjusting for inflation, this increase is two and a half times greater than any previous increase in federal welfare spending in U.S. history. As a share of the economy, annual fed eral welfare spending will rise by roughly 1.2 percent of GDP.

    Under President Obama, government will spend more on welfare in a single year than President George W. Bush spent on the war in Iraq during his entire presidency. According to the Congressional Research Service, the cost of the Iraq war through the end of the Bush Administration was around $622 billion. By contrast, annual federal and state means-tested welfare spending will reach $888 billion in FY 2010. Federal welfare spending alone will equal $697 billion in that year.

    While campaigning for the presidency, Obama lamented that "the war in Iraq is costing each household about $100 per month." Applying the same standard to means-tested welfare spending reveals that welfare will cost each household $560 per month in 2009 and $638 per month in 2010.

    Most of Obama's increases in welfare spending are permanent expansions of the welfare state, not temporary increases in response to the current recession. According to the long-term spending plans set forth in Obama's FY 2010 budget, combined federal and state spending will not drop significantly after the recession ends. In fact, by 2014, welfare spending is likely to equal $1 trillion per year.
     
  6. Queen
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    Queen Senior Member

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    The way Bush did, just hide the cost and ask congress for emergency supplemental spending bills every few months.

    Republicans really hate to see how much everything costs. Here it all is in the budget and they freak out!! They'd much prefer it hidden away in supplementals.
     
  7. Oddball
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    Because they were financed by borrowing money from the Chinese, not via the normal budget process.....Lots and lots of stooges with (D)s by their names went for that scam too, your irrelevant mewling about tax cuts nonwithstanding.
     
  8. Dis
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    Well, he meant right after that increase, obviously. :eusa_angel:
     
  9. Dis
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    Oh, and I suppose if we're going to increase welfare, I guess it would be too much to ask that some of that money be used for *mandatory* drug testing? :eusa_whistle:
     
  10. rightwinger
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    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

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    Borrowing money to pay for unnecessary wars is .....PATRIOTIC

    Borrowing money to help American citizens is..........SOCIALISM
     

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