Democrats are Fiscally Irresponsible
Today I am flying the Sons of Liberty 9 Strip Vertical flag. I fly this flag when Liberty is overcome by Tyranny. Today the Democrats, on a PARTY LINE vote increase the debt limit AGAIN (the last hike was in December 1 month ago!). Debt is at an “unprecedented” level (using Obama’s favorite word) this creates an “unprecedented” risk to Liberty and Freedom in the USA
Debt is Tyranny
The Democrats by PARTY LINE vote increased the Debt Limit to $14.3 Trillion!
By FITSNews || A day after President Barack Obama spoke of “freezing” federal spending, Democrats in the U.S. Senate sent a vastly different message to the American people – voting along party lines to raise the nation’s debt limit to an unprecedented $14.3 trillion.
That’s a $1.9 trillion increase – the largest ever – and it comes less than a year after Congress raised the federal debt limit by nearly $800 billion as a little-known component of Obama’s so-called “stimulus.” Another smaller increase in the debt ceiling was approved just last month. Also, this increase is meant only to fulfill current spending obligations through the November elections.
Jim DeMint: “We are mortgaging our children and grandchildren’s future on a failed far-left agenda that is growing government while killing jobs across America,” Sen. Jim DeMint said in voting against the hike. “Instead of more wasteful stimulus spending and higher taxes, we should cut spending and enact broad-based tax cuts for all Americans to spur investment and job creation. If we continue to recklessly borrow money from China and the Middle East, it will lead to inflation, higher interest rates and higher taxes that will cripple our economy in the future.”
Boston Hearld: Reprot: Bank Bailout Bad Deal for US: Many of America’s largest banks are now “legitimately insolvent” and the U.S. Treasury’s policies may only be harming taxpayers at this point, according to a new report by Harvard and Princeton finance professors.
Obama’s administration has defended the current bailout program, saying it needs to spend billions of dollars to buy or insure mortgage assets to restore liquidity in the credit system. The administration says the prices of the toxic assets now on banks’ books are artificially low because of the credit crunch.
AP/Yahoo: WASHINGTON – A federal spending surge of more than $20 billion for roads and bridges in President Barack Obama’s first stimulus has had no effect on local unemployment rates, raising questions about his argument for billions more to discuss an “urgent need to accelerate job growth.”
An Associated Press analysis of stimulus spending found that it didn’t matter if a lot of money was spent on highways or none at all: Local unemployment rates rose and fell regardless. And the stimulus spending only barely helped the beleaguered construction industry, the analysis showed.
How many more “headlines, reports and proofs” do we need? Democrat fiscal policy is a failure?
The Republican Party, the party of “NO” is quickly becoming The Party of “KNOW”
Here’s Obama’s Solution:
The Bottom Line
Democrats are not fiscally responsible … my (former) Democrat friends told me this is why they were voting Democrat at the last election. THEY WERE WRONG … and a little STUPID to have believed the rhetoric! Sorry for the short post but there is nothing else to say on this subject. The Headlines show the failed results.
Hows that Hope and Change working now … “friends?”
The”actions” they take and the results we see simply speak for themselves …no “blogging” needed here today, these people have NO IDEA what they are doing!
More Recent Posts
