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Congress at work: '$1 billion an hour'

Discussion in 'Political Rants' started by cynthial, Mar 11, 2009.

    Mar 11, 2009
  1. cynthial

    cynthial Boo

    Occupation:
    Fireproofing
    Location:
    Albuquerque
    Senate Minority Leader Mitch McConnell (R-Ky.) has come up with a vivid new way to express his contention that the nation is spending way too much money it doesnt have.

    McConnell includes the tweaks in his opening remarks on the Senate floor on the 51st day that President Obama has been in office.

    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, thats about $24 billion a day, or about $1 billion an hourmost of it borrowed. Theres simply no question: government spending has spun out of control.

    The math: 50 days times 24 hours equals 1,200 hours. 1,200 times 1 billion equals 1.2 trillion (a thousand billions is a trillion).

    You must register/login in order to see the link.

    Obama signs massive, 'imperfect' spending bill
    President criticized for legislation's earmarks, promises reform.


    WASHINGTON - Calling it an "imperfect" bill, President Barack Obama signed a $410 billion spending package Wednesday that includes billions in earmarks like those he promised to curb in last year's campaign. He insisted the bill must signal an "end to the old way of doing business."

    The massive measure supporting federal agencies through the fall contains nearly 8,000 pet projects, earmarked by sponsors though denounced by critics.

    Obama defended earmarks when they're "done right," allowing lawmakers to direct money to worthy projects in their districts. But he said they've been abused, and he promised to work with Congress to curb them.

    "I am signing an imperfect omnibus bill because it's necessary for the ongoing functions of government," Obama declared. "But I also view this as a departure point for more far-reaching change."

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    And so it goes.
     
  2. Mar 12, 2009
  3. jod5413

    jod5413 Is That Better?

    Occupation:
    having a good time doing anything
    Location:
    somewhere on the planet
    Makes me want to :puke:

    And so it goes, same old, same old.
     
  4. Mar 12, 2009
  5. littlebit

    littlebit Dormant account

    Occupation:
    Jack of all trades
    Location:
    Pasadena, Texas
    Pelosi is already talking about the possible need for another huge stimulus package.

    When we didn't think things could get any worse, they are ,with the help of these people in Washington who are destroying this country at a breathtaking rate.

    The trouble with socialism is that you eventually run out of other peoples money.

    Margaret Thatcher
     

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