Federal Budget/Deficit

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110_Budget_2009_090122 by you.

I've been avoiding politics at the federal level lately because I think for all intensive purposes with the exception of the insanely ignorant, the majority of Americans see whats going on. Barack Obama stepped into a mess left by an inept administration that for its last 12 months in office did about as close to nothing as it possibly could.

So I have been watching and listening to the banter out there and its comedic really what is coming out of the republican side of things. They want to do literally nothing. The only thing that have done is bitch, but in terms of helping the economy, they want to spend not one penny to fix what their president left us.

Their latest proposal wanted to leave spending flat for the next 10 years, while we do what? Watch the economy tank? They want more tax cuts and less spending. That didn't seem to work under George W. who provided lots of tax cuts for the wealthy and over spent every step of the way.

Remember who started this bailout and stimulus thing too, it was George who started the TARP fund with the first half of the $700 billion. Giving all that money to the Wall Street bankers was okay back then, but since Obama created a budget that would work for average, middle class citizens of this country, forget it.

Mitch McConnell helped show his party's true colors today:

"The administration's budget simply taxes too much, spends too much and borrows too much at a moment when we can least afford it," said the Senate Republican leader, Mitch McConnell of Kentucky.

My how out of touch he is. Check your pay checks this week, there should be a little extra in there for us all, what is that? Oh, its a tax cut for all of us making less than $250,000 a year. Who spent us into this mess? Your guy, W. by screwing up the invasion of Iraq and not knowing that you can not wage war against a tactic...Terrorism.

Yes, after Obama's budget is laid out we are $1.2 trillion in the hole this year, with in five years depending on who you talk to, its cut about in half. So, unlike George, he has us going in the right direction. You have to spend in order to fix. So a slightly higher figure this year should surprise no one. 

Eight years was spent by the republicans screwing things up, finally, this last two weeks or so by the reaction of the markets things might be starting to trickle in the positive direction again, no thanks to the "no idea" republican party. It has everything to do with Barack Obama and the democrats willing to stick their necks out and spend a little to fix the broken mess left behind.

As this market corrects and the stimulus money keeps flowing, the republicans are going to have no choice eventually but to fall in line because what the democrats are doing is ultimately working and the American people are no longer listening to right wing blabber.

1 Comments

John Benns said:

Dude, you should stop commenting on politics. lol.

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