Today, the Democrats in the House passed the bill that spends nearly $900 Billion. Only the Democrats passed this bill. Not one Republican voted for it and 11 Democrats joined the Republicans in an attempt to defeat it.
Many call this a stimulus bill but it's not really a stimulus bill. 34% of the money doesn't even get used until after 2010. Daily we hear that the economy is the worst since the Depression. It's not true, but that's what the liberals and the liberal media pound into the American people's TV sets daily. The economy is in the worst shape since the late 70's and early 80's, but it's no where near the levels of the Depression. That really is bad. So if it's so bad and the American people need immediate relief and it's supposed to create jobs, why is it that much of the bill doesn't take effect for nearly two years? That is not immediate.
This country has gone through many recessions throughout it's history. Each time, the recessions have been ended by either tax cuts, or war or both. Never has a recession ever been ended by massive government spending.
The bill that passed today could be called an anti stimulus bill with the $335 Million to be spent on STD education. Not much can be considered stimulating about STD's.
This bill is loaded with government spending on liberals pet projects. I seem to remember that Barack Obama the candidate promised tax cuts for 95% of Americans. This bill doesn't approach that.
I'm amazed that the Republicans actually stood up against this bill. Not one of them voted for it. If this makes it through the Senate, the Democrats and Barack Obama will own the results. The economy will immediately become Obama's responsibility. That's not good for him because this bill will not do as the liberals keep promising. Never have we spent our way to prosperity. This is just another example of liberals saying 'it's never worked before, but we can make it work this time.'
The Democrats have complained about the deficit and how it hit record levels under President Bush and how the Bush administration doubled the debt. This bill will make the debt and deficit under Bush look like change laying in a fountain.
They conveniently forget that from 2002 through 2006 the economy in this country was performing better than it had in 25 years. It's also interesting that 34% of the spending explodes at the end of 2010. This is exactly when the Bush tax cuts expire. So when they increase spending, they also raise taxes on the American people. Either one of those things would drag the economy down. Both of them together will make what we're going through now look like prosperity.
Obama also claimed that there would be no pork in this bill. Yet, when you look at it, there is pork in there for the STD's as mentioned before, as well as money to attempt to move the nation towards Universal Health Care among other things.
The answer to the economic problem is to lower taxes and cut spending. Those lower taxes would generate more money for the Federal Government. The only problem with lowering taxes is that when the government does get more revenue, they won't be able to resist spending it. When they actually get control of themselves and lower taxes, and cut spending (not decrease the percentage of spending, but decrease the actual dollars in spending) we will then go into a period of prosperity like we've never seen before.
It's time for the government to quit asking the American people to sacrifice and to start implementing the sacrifice on the government by reducing their spending and eliminating their expenditures that are wasted. Save the health industry by stopping health care for illegal immigrants. Cut welfare when you cut spending and cut taxes. Jobs will be created. There's a myriad of things that could be done. Didn't we learn anything from the Republicans who spent like Democrats from 2000 to 2006? Didn't we learn anything from having a President that refused to veto spending bills that came from his own party?
I will give two examples: 1. Michigan has tried to spend their way out of the long recession here. It's failed for six years. Michigan just gets worse with each statewide economic report. 2. Louisiana was given billions of dollars since the Reagan years. That money was for the levy's. The Democrats received that money, but didn't use it for what it was meant for. The result. Hurricane Katrina came and the levy's gave way and over 1,000 people died.
Spending your way out of a recession never works. Cutting taxes and cutting spending always works.