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Senate Minority Leader Mitch McConnell (R-Ky.) is fed up with Congress' overspending efforts to stimulate the economy and he's come up with a neat way to express it: Over the past 50 days, Congress has spent $1 billion per hour."In just 50 days, Congress has voted to spend about $1.2 trillion between the Stimulus and the Omnibus," McConnell says. "To put that in perspective, that's about $24 billion a day, or about $1 billion an hour-most of it borrowed. There's simply no question: government spending has spun out of control."
Whether the spending is justified is one thing, but here's my question: Are there enough accountants and lawyers in this galaxy, and the closest three, to oversee that amount of spending? I shudder to think about how much that $1.2 trillion will be wasted but you have to think it will be a pretty high percentage: There's just no way to spend $1.2 trillion without wasting a ton of money.
The really messed up thing is that most of the people who are voting on this stuff will be six feet under by the time we have to pay all this borrowed money back. This amounts to generational theft on an unprecedented scale -- snatching $1.2 trillion from young people and the unborn.
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Reader Comments (Page 1 of 1)
3-11-2009 @ 7:07PM
Judy Lynn Ferguson said...
The low down dirty Political selfserving TREASONIST thieving SOB's! I want the FBI to put them all on trail for TREASON!
3-11-2009 @ 8:37PM
Ten Bears said...
Judy: The FBI is part of the problem. They are the bought dogs of the political powers that are stealing from you. YOU will have to arrest them amd put them on trial...
3-11-2009 @ 9:27PM
justwana said...
Eliot Spitzers hooker does not even charge that much. =-))
3-11-2009 @ 9:48PM
Mike O said...
He didn't consider spending "out of control" when he and the Bush Administration were spending money like drunken sailors. Iraq ring a bell?
3-11-2009 @ 10:18PM
joe bloe said...
But the Iraq war cost $1-2 Billion per day not hour. These politicians have just gone crazy. If they tax the 'rich' at 100% they still wont ever be able to pay for this load of crap. Big government has never worked and will never work. The only times in history that we have experienced significant growth is when the government gets it hands out of our pockets and lets the people decide how to spend our own money. This is your money and my money that they are spending.
3-11-2009 @ 10:26PM
WetheSheeple said...
Dr. Edwin Vieira is working on the revitalization of the Constitutional Militia of Several States as mandated in the constitution. The only way we will regain power of the purse is through the power of the sword. The nefarious private banking cartel known as the Federal Reserve along with the NWO elitists have to be stopped before it's too late. We are almost to the point of no return. Look at this website, CommitteesofSafety.org
http://www.committeesofsafety.org/
3-12-2009 @ 4:50AM
Jeff M. said...
I think the Obama administration knows that some of it will be wasted regardless of having the sheriff Joe Biden there. But it is one of those catch 22 situations. If they didn’t do something America would complain that they aren’t doing anything; but if they did do something as they have America will complain that some of it will be wasted. I would just like to se more of it go to small business. That’s were real job growth is.
Jeff M. http://www.RLloydMing.com