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Spend, Spend, Spend!


Perchoutofwater
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The Spending Rolls On

The fiscal 2010 bills grow domestic programs by 12.1%.

 

The White House disclosed the other day that the fiscal 2009 budget deficit clocked in at $1.4 trillion, amid the usual promises to do something about it. Yet even as budget director Peter Orszag was speaking, House Democrats were moving on a dozen spending bills for fiscal 2010 that total 12.1% in more domestic discretionary increases.

 

Yes, 12.1%.

 

Remember, inflation is running close to zero, or 0.8%. The good news, if we can call it that, is that Senate Democrats only want to increase nondefense appropriations by 8% for 2010. Because these funding increases become part of the permanent baseline for future appropriations, the 2010 House budget bills would permanently raise annual outlays for discretionary programs by about $75 billion a year from now until, well, forever.

 

These spending hikes do not include the so-called mandatory spending programs like Medicare and Medicaid, which exploded by 9.8% and 24.7%, respectively, in the just-ended 2009 fiscal year. All of this largesse is also on top of the stimulus funding that agencies received in 2009. The budget for the Environmental Protection Agency rose 126%, the Department of Education budget 209% and energy programs 146%.

 

House Republicans on the Budget Committee added up the 2009 appropriations, the stimulus funding and 2010 budgets and found that federal agencies will, on average, receive a 57% increase in appropriated funds from 2008-2010. By contrast, real family incomes fell by 3.6% last year. There's no recession in Washington.

 

More broadly, the White House and the 111th Congress have already enacted or proposed $3.4 trillion of new spending through 2019 for things like the health-care plan, cap and tax, and the children's health bill passed earlier this year. Very little of this has been financed with offsetting spending cuts elsewhere in the budget.

 

Throughout the era of Republican rule in Washington, we scored GOP lawmakers for their overspending and earmarks—and so did Nancy Pelosi and other Congressional Democrats. So how do their records compare? From 2001-2008 the average annual increase in appropriations bills came in at 6.4%—or about double the rate of inflation. In this Congress spending is now growing six times faster than inflation.

 

And here is the kicker. Mr. Obama's 10-year budget forecast predicts that the budget deficit will fall in future years in part because federal spending on discretionary programs will grow at less than the rate of inflation. But spending is already up nearly 8% (including defense) in the first year alone.

 

For a laugh-out-loud moment on all of this, we recommend yesterday's performance by New York Senator Chuck Schumer on NBC's "Meet the Press." Mr. Schumer declared that "Barack Obama and we Democrats—this is counterintuitive but true—are really trying to get a handle on balancing the budget and we're making real efforts to do it." Counterintiutive? He said this four days after Senate Democrats lost a vote to add $250 billion to the deficit for doctor payments without any compensating spending cuts.

 

Democrats must figure that they can get away with this sort of rap because no one will call them on the reality of what they're spending. And they're probably right about a press corps that has ignored the spending boom since Democrats took over Congress in 2006. Meanwhile, the spending machine rolls on, all but guaranteeing monumental future tax increases.

 

WSJ

 

When my wife buys a $400 dress I raise an eyebrow and make a slightly joking derogatory remark to her hoping she gets the point. When she buys a $1,200 dress I get pissed and throw a fit, and take her credit cards away from her.

 

ETA: My wife has not done what is noted above, some of you numb skulls are taking what I'm typing too literal. I was just providing an example.

Edited by Perchoutofwater
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WSJ

 

When my wife buys a $400 dress I raise an eyebrow and make a slightly joking derogatory remark to her hoping she gets the point. When she buys a $1,200 dress I get pissed and throw a fit, and take her credit cards away from her.

 

I think you should just yell at her and tell her she's an embarassment and if she continues to shop like that you won't be inviting her parents over for dinner anymore.

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I think you should just yell at her and tell her she's an embarassment and if she continues to shop like that you won't be inviting her parents over for dinner anymore.

 

If she keeps spending like that I won't be able to afford to feed them anyway, so there would be no reason to invite them over for dinner.

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I love reading opinion articles that have no links or footnotes to anything tangible.

 

It helps to keep my fear and hate level running high . . . . exactly the intended response.

[/quote

 

I love reading your narrow minded responses. They really add to the discussion. Since I am not as smart as you, please help me understand what you are saying. Are you saying the the data in the opinion article is not accurate or do you not put any stock into the article because it is just "opinion"? Or do you just continue to make these witty comments because you can't even fathom the idea that we might be spending too much money, and this president and congress are driving this country closer to disaster than even the last admninistration did? Please help me understand. Type slowly though, because since I am on the other side I am not as smart as you or your other elite liberal pals.

Edited by caddyman
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lol....I love it when you make fun of me. Makes me feel good. Something about when a loser makes fun of you that makes your day. Keep it up. Liberal comedy...don't go a day without it.

If you love it and it makes you feel good, perhaps you should simply let him make you feel good and not stoop to the level of calling somebody a loser so people can benefit from - or intelligently debate - the info Perch posted. Just a thought. When somebody makes me feel good - I don't go out of my way to call them a loser.

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