A Billion Dollars an Hour!
@AngryKittyMSV (4317)
United States
March 13, 2009 8:27am CST
As many of you know by now, yet another massive spending package (over $400 Billion) gas been approved - with some NINE THOUSAND earmarks including $5.8 million to study the Senate (WHAT???).
According to Senator Mitch McConnel of Kentucky, "In just 50 days, Congress has voted to spend about $1.2 trillion, ...that's about $24 billion a day, or about $1 billion an hour, most of it borrowed."
http://www.nypost.com/seven/03122009/news/politics/obama__i_hate_all_this_pork____i_approve_159200.htm
AFTER the President signed the latest massive pork laden spending bill, he announced that from now on, earmarks would have to be vetted before being approved. Little late for that isn't it? That's like buying a smoke alarm AFTER your house has burned down.
What do you think of the fact that more money has been spent by the new Administration than has ever been spent before in the entire course of human history? Money that we don't have, by the way. DO you think printing more money is going to cover this debt, or do you think it will only further devalue our currency ans result in hyper inflation similar to Zimbabwe where it costs over ten million dollars for a loaf of bread?
Do you think all this spending will help the economy or make it worse? CAN you SPEND your way out of debt?
3 people like this
4 responses
@deejean06 (1952)
• United States
13 Mar 09
I don't think we can spend our way out of debt. Other countries are buying our debt and we are printing more money. I think it will bankrupt our economy because there will only be so much you can squeeze out of the taxpayer before there is no more. Then all these programs will have to stop.
@AngryKittyMSV (4317)
• United States
13 Mar 09
I do agree with you, and the future looks pretty bleak from where I'm standing if something isn't done to stop this reckless spending - if it isn't already too late.
1 person likes this
@deejean06 (1952)
• United States
13 Mar 09
I heard a governor once say that once a government program has begun it never goes away. Money is added to that program in every budget until it has ballooned. Unfortunately I believe that's what we have here - and I don't know what will happen when the balloon pops.
2 people like this
@AngryKittyMSV (4317)
• United States
14 Mar 09
I know what'll happen - the elitist ruling class and the leeches who've been conditioned to sell their soul to the state in exchange for a handout will be largely unaffected, while the peasants (tax payers) will again be blown away with an ever increasing burden heaped on their backs.
1 person likes this
@Ima_C_Suvaya (431)
• United States
19 Mar 09
Until the financial markets are shored up, all the money getting pumped into the economy is for naught. A small portion of the population will make out, mostly Those selected by the gov't to receive Pork. The numbers you're talking about above are so staggeringly huge, it's ludicrously inconceivable.
2 people like this
@AngryKittyMSV (4317)
• United States
13 Mar 09
I agrree with you, better to live under what you KNOW is an oppressive regime that to have one forced on your pretending to be something else!
@PrarieStyle (2486)
• United States
13 Mar 09
President Bush and others spent money for the sake of the next generation. President Obama and his administration are spending money using the next generation. As John McCain said "it's generational theft".
I heard they are talking about another one already. President Obama is making history alright...
1 person likes this
@PrarieStyle (2486)
• United States
15 Mar 09
Perhaps you should start a topic about how "not all 'change' is good"...
2 people like this
@AngryKittyMSV (4317)
• United States
17 Mar 09
I could, but it's like beating my head against a wall with similar results. You're a racist hatemonger for even suggesting such a thing!
@AngryKittyMSV (4317)
• United States
13 Mar 09
What people don't seem to get is that not all "change" is good! This is MULTI-generational theft, the amount of debt being racked up currently will not only effect our children and grandchildren but THEIR children and grandchildren too!
2 people like this
