cynthial
Boo
- Joined
- Oct 9, 2006
- 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).
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."
And so it goes.
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).
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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.
