December 10th the House passed a $447 billion bill to boost spending for government operations, to the Speaker’s delight. The 2,444-page bill proposed a 14% spending increase. It received not one Republican vote, News Daily.
Sunday the Senate passed the $447 billion spending bill with a number of earmarks (5,224 special spending requests) totaling $3.9 billion. The Peterson-Pew panel calls for immediate action to stabilize our GDP to debt ratio at 60%, according to the San Francisco Gate. Our GDP to debt ratio is estimated to be over 90% by the end of this year. Soon, more than 100% of our gross domestic product will be used to service our national debt.
Pelosi has opposed the idea, and so has the powerful retiree group AARP. But Pelosi now would agree to it as long as a “pay-as-you-go” budget rule favored by conservative “Blue Dog” House Democrats is included.
That would require new spending to be offset by spending cuts or tax increases.
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Sen. John McCain, R-Ariz., has railed about stimulus pork, singling out for ridicule $54 million going to Napa Valley’s “wine train.”
“Wine train”? Conflict of interest anyone? If you’re unaware, Pelosi and her husband own a vineyard worth up to $25 million in Napa Valley.
John Boehner represents Ohio’s 8th district in the House. He strongly criticizes Pelosi’s actions in the Hillsboro Times-Gazette.
On Thursday, House Speaker Nancy Pelosi (D-Calif.) completed the latest chapter in this lengthy story by ramming a massive $447 billion spending bill through Congress that contains double-digit funding increases to Washington agencies.
In addition to these excessive increases, the bill includes more than 5,200 earmarks, including $300,000 for music and education programs at New York City’s Carnegie Hall, where they pay the employee who oversees the props more than $530,000 in salary and benefits. Regardless of whether these are worthy projects, are they really more important than our children and grandchildren, who will have to repay the debt we’re piling up to do all this stuff?
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This is just another ploy to increase spending at a time when our national debt hit a record $12 trillion last month. Before the end of the year, Democrats plan to raise the debt limit by another $1.8 trillion dollars.
[...] recently passed a $447 billion spending bill (Dec 13th) with over 5,000 earmarks, as reported in a previous post. After the defense spending bill passed the House this week, Pelosi issued a statement praising the [...]