Posts Tagged ‘England’
» posted on Thursday, January 28th, 2010 at 11:13 am by Jeremy Herrera
News Story: Senate permits gov’t to borrow an additional $1.9T.
Anyone who saw the State of the Union last night may be a little confused by this story….
Per Obama, he wants the Congress to change the rules to ensure that the deficit wouldn’t increase. But now you can see that the Senate completely understood what he meant. Yep they sure did!!
They have passed a rule that would allow the government to spend another $1.9 Trillion on credit!
Oh, I will be fair…
They did also pass rules that states that if they increase spending they will have to have a new tax to cover it otherwise a trigger will be automatically set to cut programs for Medicare, farm subsidies, and veterans’ pensions. Oh, that can also be triggered if their is a tax cut too.
News Story: FOXNews.com – Senate Approves Tougher Deficit Curbs.
So, how is this a deficit reducing plan? Increase taxes to offset the irresponsible spending at the same time allowing more spending!
But that’s not all!! Nope! Pelosi also wants to make sure that any budget freezing would include Defense spending. Hell we don’t need to have strong military ensure our country’s safety from terrorist, enemy countries that are building up their defensive capabilities and such…. Oh no, we have the savior Obama… Damn scary thought if you ask me.
FYI for those of you that don’t understand what a freeze to the Defense budget means…. Not just would the war be hampered, not just the service members be hampered…. Nope, anyone that works for the Defense Department, any contractor, and any company that builds equipment for the Defense Department would be hurt. That means companies like Boeing, Northrop, Lockheed, Ford, GM, AM General, GE, and the list goes… They would lose their contracts and lay off thousands of employees.