Throwing away our money on government spending
A $447 billion jobs bill and $787 billion in stimulus has or will be spent to deal with the high unemployment this country faces; that is $1.234 trillion. And what have we gotten for all that spending? Record food stamp use, a rise in the poverty rate, a credit downgrade, 9.1 percent unemployment rate nationwide, 11.6 percent for the Rockford metro area, 16.2 percent underemployment rate and zero net new jobs created across the country in August.
How much more of our money is going to be thrown away before Keynesian economic-loving Democrats admit their philosophy, their agenda, their policies are complete and total unmitigated disasters? Probably never; therefore, we will just have to give every big government spending-addicted Democrat who is allergic to fiscal responsibility the pink slip.
Ulysses S. Arn
Ashton, Ill.
From the Oct. 12-18, 2011, issue
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2 Comments
If you and the tea party want to complain about spending Mr. Arn then why not discuss Pentagon spending which is by far the single largest discretionary item in the Federal Budget or the multi-trillion dollar tax cuts of the Bush years. Perhaps it’s because both benefit the wealthy which includes David and Charles Koch, the benefactors of your organization. Keep in mind the orginal tea party movement in 1773 was primarily opposed to the relationship between large concentrations of wealth and the government. Time to turn in your pointy hat.
Hipster you should go take a look at the FY2012 budget of Paul Ryan in it is a pie chart of Federal Spending for 2010 and wouldn’t you Know we spend more per year on Social Security($701 billion) than we do on defense($692 billion) if you combine all “auto-pilot” spending it comes out to $2.1 trillion while defense and non-defense discretionary spending equals $1.3 trillion. Seems to me that if we what to truly save some $ at the federal level entitlements are where we need to be looking. O’ and about the Bush tax cuts you are aware of the fact that federal revenue increased following the 03 tax cuts, you also do know that for like 4 out of the last 5 years federal revenues have been at record levels($2.2 trillion tax revenue). Then again you sound like a liberal drone so you probably don’t.