Overspend-Obama strikes again! $2.4 Billion blown.

[Andy]

The economic recovery plan before the U.S. House on Wednesday earmarks about $2.4 billion for Wisconsin and roughly half is designated as state budget aid. The other big chunk -- $564 million -- is for highways and bridges.

The money is included in about $820 billion in spending increases and tax cuts drafted by House Democrats and President Barack Obama's economic team that are designed to -- in Wisconsin Rep. Dave Obey's words -- "reinflate the economy."

Now this is brilliant! Wisconsin has a massive budget shortfall. Now normally, when you have a budget shortfall, you do an amazing thing called "cut spending". Right?

But Wisconsin has a better plan. Instead of reducing expenses, they'll simply get Overspend-Obama to give federal money to them, so that EVERYONE CAN PAY THEIR BILLS!

In the past, under the evil Bush years, states had to make their budget themselves, and the federal government only borrowed money to cover their own shortfall.

Now, under the brilliant Obama plan, we can borrow to cover federal shortfalls and the shortfalls of fiscally irresponsible states!

Moreover, check out the other key parts of the bill! $820 million is to cut taxes and increase spending! Now where have we heard that before? Wasn't it some now hypocritical democrats complaining about Bush cutting taxes and increasing spending? Funny how Overspend-Obama's "Hope and Change" sounds strikingly like what they accused Bush of, only worse!

 

[Pandora]

isnt calif getting a bail out too?

I wonder how much harm to global warming the printing press is causing while it prints all this extra money?

 

[Phoenix68]

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[Phoenix68]

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