Archive for February 25th, 2009

February 25th, 2009

A Trillion Here, A Trillion There

Permalink | Comment (0) ~ Politics

This is not going to end well.

House Approves $410 Billion ‘Omnibus’ Spending Bill

The legislation also includes almost $8 billion for 8,500 congressional pet projects known as earmarks, according to the Washington-based Taxpayers for Common Sense. Among the earmarks are $1.8 million for swine odor and manure management research in Iowa, $2 million to promote astronomy in Hawaii and $381,000 for music programs at New York City’s Lincoln Center.

Obama Budget Would Create $634 Billion Health-Care Fund

President Obama intends to release a budget tomorrow that creates a 10-year, $634 billion “reserve fund” to partially pay for a vast expansion of the U.S. health care system, an overhaul that many experts project will cost as much as $1 trillion over the next decade.

As they say, money equals power. It’s always a good idea to grant the Federal Government more power: You know, ’cause they are always so responsive to your local needs. Didn’t our founding fathers have this figured out so many years ago?

Oh, when this budget deficit bubble finally bursts (seemingly now sooner rather than later), it’s really not going to be pretty.


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