Sunday, November 30, 2008

The Next Stimulus Package?

We cannot afford another "Emergency" Economic Stimulus Bill. Our Congress is acting like College Kids with a credit card we have to pay. Their "emergency" spending is out of control and approaching the amount that the government expects to collect in total tax revenue, before we even pay for the day to day operations of the government.

Drunken Sailors are more thrifty than Our "Representatives." At least Drunken Sailors stop spending when their pockets are empty or they pass out.

And at the same time Multi-Millionaire Executives of the Big Three are asking the hard workers of Tennessee that get paid on average less than $40,000/year to bailout the Employees of Detroit making twice as much. This is nothing short of greed. Before they ask the taxpayers of Tennessee to bail them out, they need to cut back on their own part of the stranglehold that may very well kill the Companies making the cars we love.

Before they reach into the pockets of our workers, they need to spend their own money. Their factory workers are making twice as much and more than the people they are asking to save them from their own excesses. And until, they cut back on their own wages from the top to the bottom, they have no business asking us to pad their wallets.

In less than 12 months, we are seeing the runaway spending of Congress add more than 20% to the Taxpayer Debt. We are seeing them hide it away in "Emergency" spending that adds more in debt than our Nation accumulated in its first 200+ years.

Supporting Evidence:
The Federal Government expects to collect $2.7 Trillion dollars in taxes in 2009 (which started for the government on October 1st, 2008).

Before any "Emergency" Spending bills, such as the CEO Bailout Bill and Economic Stimulus Bills, the 2009 Federal Budget calls for spending $3.1 Trillion.

We all know the Economy is struggling. We feel it. And I've already demonstrated that the average taxpayer paid $1232 plus interest to get that first stimulus check of $0 to $1200.

In October, Barney Frank, Nancy Pelosi, Harry Reid, Barack Obama and Bart Gordon decided to add another $700 Billion to the Spending of the United States in order to bail out their CEO Constituency. They ignored us when we told them "No" and we were given no real option on the ballot of November 4th, 2008 to send Representative Gordon to retirement.

President-Elect Obama has proposed another $800 Billion in "Emergency" Economic Stimulus Bill and we don't know yet whether the Congressman from the 6th District will rubber stamp this move or not.

Those two bills would saddle us with $1.5 Trillion in un budgeted debt at the same time that Congress considers bailing out the Big 3 Automakers and is added to the debt incurred by the first Economic Stimulus Bill that cost us more than it gave us.

When combined with the request from the Big Three and the previous "Stimulus" bill, that's $1.8 Trillion in "Emergency" Spending against Revenues of $2.7 Trillion. And we add that to the $3.1 Trillion for day to day expenses in the 2009 Federal Budget. That's $4.6 Trillion in spending meaning an additional $2.1 Trillion in debt, this year alone.

Our Nation cannot afford to continue these "Emergency" spending bills. The Budget before the "Emergency" was already adding more in debt than it was paying in interest. There must be cuts in spending. Any Common Sense Citizen would understand that we can't spend twice as much as we make.

TNTaylor©2008, Tennessee Taylor, all rights reserved.

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