Wednesday, March 11, 2009

Spend Spend and Spend Some More

President Obama is about to sign the $410 billion dollar spending package Congress just passed. This should get the economy jump started right? All of our economic woes are about to come to an end. We are not that lucky. This spending bill is full of earmarks totalling 7.7 billion dollars!!! I seem to remember President Obama vowing to end unnecessary spending and controlling government spending. I guess since he is already elected he is not bound by pre-election rhetoric.

President Obama admitted that this bill is "imperfect", but is still choosing to sign it. This bill is laden with funds for domestic programs that President Bush would not allow in previous bills. Republicans called for Obama to veto the bill and go back to the drawing board and create a responsible bill that would allow Washington to keep the lights. The Democrats, instead decided to include programs that provide more free handouts for Americans who have shown they are not willing to better themselves. The bill's sole purpose was to ensure Washington had the funds to continue to conduct business. Now it seems it is just an attention of the stimulus package passed earlier this year.

The spending is already out of hand and at this rate the Democrats have free reign over Congress and the White House. There is no end in sight. We are increasing the size of government and it is at our expense. We are spending money that we do not have. Unemployment is at its highest since 1983 and we are taking away tax cuts from the companies that create jobs. This does not make sense at all. In capitalism companies provide jobs and financial security for people, not the government. Socialism is knocking at the door and President Obama and the Democratic Congress seem very eager to answer the knocks.

Hopefully the American people will see what is really happening and make Obama a one term president. If we don't we are going to spend countless years making the transition back to capitalism. Socialism is an idea that looks good on paper but when introduced into the practical world does not work. We can not spend our way out of this situation. We need to let the economy work itself out. I am not saying let all companies go under but we need to be fiscally responsible and right now we are not.

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