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NOt that anyone actually believed it was already paid for but Obama said it adn it turns out its not paid for, it will be paid for with higher taxes on those making as low as 200k now dont get me wrong 200k is not chump change but its hardly a private jet owner.
Also i dont recall exact figures but something like 421 billion out of the 447 billion this will cost will come from HIGHER TAXES not cuts as Obama said it would
Obama knows this bill won't pass however then next year in 2012 he can say Republicans stood in the way and don't want to create jobs
Spending almost $500 billion on a new stimulus when the first two (TARP followed by the Recovery and Reinvestment Act) both did jack squat. This guy seems intent on spending this country into oblivion. Being that Bank of America is probably going to need a bailout soon, we could very quickly be looking at another debt ceiling debate. Question is, how much can our drunken government spend before we are downgraded again? What is the point in all this spending anyways? We are worse off now than we were in January 2009.
Spending almost $500 billion on a new stimulus when the first two (TARP followed by the Recovery and Reinvestment Act) both did jack squat. This guy seems intent on spending this country into oblivion. Being that Bank of America is probably going to need a bailout soon, we could very quickly be looking at another debt ceiling debate. Question is, how much can our drunken government spend before we are downgraded again?
Spending almost $500 billion on a new stimulus when the first two (TARP followed by the Recovery and Reinvestment Act) both did jack squat. This guy seems intent on spending this country into oblivion. Being that Bank of America is probably going to need a bailout soon, we could very quickly be looking at another debt ceiling debate. Question is, how much can our drunken government spend before we are downgraded again? What is the point in all this spending anyways? We are worse off now than we were in January 2009.
Fannie and Freddie have their greedy little hands out too.
Maybe someone should bring Skippy up to speed. It's not that the federal government doesn't spend enough of our kid's borrowed money subsidizing the salaries and pension funds of unionized government workers or propping up institutions which are for some inexplicable reason still too large to fail. Private sector employers are not hiring due to a lack of consumer demand and an excess of uncertainty, regulations and taxes which make expanding existing businesses or starting new ones far too risky.
Continuing this wild deficit spending spree will only drive the value of the US dollar down even further. As the dollar loses more of its value, that portion of our incomes which drives economic expansion shrinks even more. Why does he not understand that?
Just a little more redistribution of wealth from the minority who actually pay taxes to those who can be paid to vote for Obama in 2012. Nothing to look at here folks, just more liberal pilfer, tax & spend.
Spending almost $500 billion on a new stimulus when the first two (TARP followed by the Recovery and Reinvestment Act) both did jack squat. This guy seems intent on spending this country into oblivion. Being that Bank of America is probably going to need a bailout soon, we could very quickly be looking at another debt ceiling debate. Question is, how much can our drunken government spend before we are downgraded again? What is the point in all this spending anyways? We are worse off now than we were in January 2009.
Ahh yes, but he is OUR first minority POTUS is he not? Therefore he is untouchable.
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Obama is a maniac!
