Nancy Pelosi is at it again
Posted by Mike Sylvester - 7/15/08 @ 6:13 pm - Filed Under 2008 National Elections, National Politics
Well it did not take her long; the Democrats in Congress are considering another wasteful economic stimulus package!
The last wasteful economic stimulus package was passed in a bi-partisan fashion and served to increase the annual budget deficit even further and hence will increase the national debt to even higher levels.
The last economic stimulus package has mostly been distributed to taxpayers; however, some taxpayers are still waiting for their checks due to not filing their tax returns in a timely manner.
As expected the first economic stimulus package has not had a noticeable effect on the economy; however, before it is even entirely distributed the Democrats want to borrow even more money we do not have and spend it.
Nancy Pelosi and the Democrats ran on a platform of fiscal sanity. They promised to institute Pay-as-you-go rules which would prevent the budget deficit from increasing even higher. The Democrats have suspended their Pay-as-you-go rules several times on issues that are “too important” for Pay-as-you-go. Every single time they suspend the “paygo” rules they are violating their campaign promise and they are passing more debt on to future taxpayers.
For example the Democrats suspended the Pay-as-you-go rules when they passed another economic stimulus package earlier this year.
The press is reporting that Nancy Pelosi and her Democratic allies are considering a second economic stimulus package that would likely be centered around the following four points:
1. Increased spending on roads and other infrastructure. Out of their four ideas this has the highest chance of success; however, Federal spending on infrastructure and roads is already at an all time high without increasing it further. Needless to say, I am against this.
2. Expanding unemployment benefits even further. I have discussed this in earlier posts; however, Nancy Pelosi and the Democrats seem determined to create an unemployment system that will discourage workers from finding new jobs and will allow unemployed workers to draw money for even longer. Needless to say, I am against this.
3. Ensuring even more money is spent on home-heating assistance for the poor. The Federal government is already slated to spend over 3 billion dollars to subsidize home heating. Apparently this is not enough for Nancy Pelosi. Needless to say, I am against this.
4. And the worst idea is to slate some Federal money for States who are struggling with budget problems. This is a terrible idea and I am not surprised that it is supported by Nancy Pelosi. California has created a fiscal mess for itself and I imagine Nancy Pelosi wants to take money from the fifty states and redirect it to those states who have made poor financial decisions. Needless to say, I am against this.
Unfortunately I imagine the Republicans will join with the Democrats and they will create a re-election stimulus package in an effort to ensure most of the incumbents are re-elected.
This economic stimulus package is an awful idea and the Democrats have completely abandoned their 2006 Campaign promise to restore fiscal sanity in Washington DC.
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4 Responses to “Nancy Pelosi is at it again”
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And we wonder why the polls put Congress at 18%!
The stumbling and bumbling of the Democrat leadership MAY get John McBush elected President. That’s a rather frightening thought.
I sure don’t want my Great-Grand kids paying for all this incompetence.
Mike-
Your problem is that you’re “against” everything. Lighten up! Pick two to be for and two to be against. It doesn’t matter how you pick, you need to “for” something, no matter how dumb it is.
Mike — I agree this is a terrible idea, but do you really think the Republicans aren’t going to up the ante with an even bigger stimulus package? It will be a battle to see who’s package is the biggest for campaign bragging rights. Pelosi only beat McCain to the punch; it will only be a matter of time for the rebate pandering to begin on the Republican side.
Tim,
I agree the Republicans will want another election year stimulus package.
Mike Sylvester