“Top Democrats and Republicans in Congress prepared new proposals to avert a government debt default and a potential global financial crisis.”
That’s the lead paragraph from a story in today’s paper. What should scare you is when Democrats and Republicans agree on something the public generally gets screwed. I believe that both sides realized that they set up this “battle” and now that the public is watching they are not sure how to get out from all of the rhetoric that they have been spreading. What both sides agree on is that they both want desperately to get re-elected and regain power. Even a little power is better than none and they are more than willing to squander our money, our children’s money, and our grandchildrens’ money to maintain their power. Here are few facts as I see them:
The following video was from a blog (AndyLogic) with the above title and is pretty well done and should be required viewing for all school students as a balance to the statist views now taught.
The only edit that I would suggest is where the “bill” is sent to George. Our politicians have long figured out that by withholding the tax money from our paychecks BEFORE we get the money is a pretty effective way of hiding their theft. We don’t truly miss what we never had. I have found this despicable practice used when a labor union that I have not voluntarily joined takes their “fair share” of my earnings. There are efforts in some states to cease payroll deductions for union dues. What should the state government act as a collector for the labor unions? You might be able to take an educated guess the party affiliation of the legislature and governor of those states.
When I originally envisioned this page, I only planned on including “stimulus” spending in my calculations. However, the recent Omnibus Appropriations Act of 2009 recently signed by President Obama contains millions of dollars of earmarks and significant increases in spending.
Rather than include the entire amount of the spending bill, I have only included the pork, increases in spending above 2008 budget levels, and the LEGISLATIVE PAY RAISES. Please note that I am not an accountant and making estimates from a thirty page summary was mind numbing.