SPEAKER PELOSI'S SPENDAPALOOZA

Is this any way to run a household budget? Common sense tells you, when your expenses exceed your income, something has to give. Responsible adults review the cash flow and make adjustments by cutting back their expenses. If not, they are looking bankruptcy square in the face. If this administration keeps going along their chosen path, America will clearly go bankrupt, and one has to wonder if this in their intended outcome.

Recently, we have learned some new alarming lessons such as the Cloward-Piven Strategy and Saul Alinsky's Rules for Radicals, none of which Americans want to believe, but as each day passes, it is becoming more and more apparent.

If we are to save this country, we must stay engaged, we must continue to educate ourselves, and we must band together to speak out in protest of this 'transformation' of the United States of America. Just add up the new bills recapped in this piece. Unbelievable!

More proof is written in the Heritage Foundation, as Miss Nancy (clearly addicted to power) presses for more money, and raising the debt ceiling to roughly $14 TRILLION dollars. Again, our individual household budget would drive us to bankruptcy if our credit card companies did not cut us off, but rather increase our credit line. Complete and total suicide.


Speaker Pelosi’s Spendapalooza
December 11, 2009

Next week Speaker Nancy Pelosi (D-CA) is expected to attach a provision to the Department of Defense appropriations bill that would increase our national debt limit by $1.925 trillion. This debt limit raise would authorize the U.S. Treasury to borrow as much as $14 trillion, which is 30% higher than the $10.8 trillion limit that was in place when President Barack Obama took office.

Defending the unprecedented size of the debt limit, Majority Leader Steny Hoyer (D-MD) told The Examiner: “There is no doubt the debt ceiling will have to be at that level in order to meet our financial obligations at this time next year. This is not creating new debt.” Not creating new debt? Hoyer speaks as though he and his Speaker are completely powerless to control all the federal spending that is driving up “our financial obligations.” In fact, Hoyer’s statement comes on the same day that he and Speaker Pelosi forced through a $447 billion “minibus” spending bill that every single Republican and 28 Democrats voted against.

Filled with 5,224 earmarks, this merged appropriations bill provides an 8% hike in discretionary spending for the third consecutive year since Pelosi took over Congress in 2007. Altogether, discretionary spending has jumped 25% since Speaker Pelosi took the gavel, and Congressional Democrats have spent $561 billion more in discretionary spending than if they had limited federal spending growth to the baseline inflation rate. Despite a $1.4 trillion deficit, appropriations bills passed this year have included:

• A 67% increase for the Environmental Protection Agency’s State and Tribal Assistance Grants;
• A 30% increase for the Corporation for National and Community Service;
• A 9% increase for Amtrak;
• An 8.4% increase for Lawmakers’ Office Allowances; and
• An 8.1% increase for the National Endowment for the Arts.

This is not the budgeting of a Congress even minimally serious about the budget deficit. And each large annual discretionary spending increase becomes part of the permanent discretionary spending baseline. In fact, the steep increases over the past three years have added $1.7 trillion to the 2011-2020 discretionary spending baseline – nearly $1,500 per household annually. In the past year, Pelosi’s House has passed a $700 billion financial bailout and a trillion dollar stimulus, a $1.5 trillion health care expansion, a $200 billion Medicare “doc fix,” and an $800 billion cap-and-trade bill. There is no increase to domestic federal spending that Speaker Pelosi can say “no” to.

It is far past time for responsible leaders in Congress to rein in Pelosi’s profligacy. At a bare minimum, lawmakers should demand that any debt-limit increase also statutorily cap discretionary spending growth at the inflation rate (approximately 2.5 percent annually) for the next decade. Even better, a return to federal spending levels of just a decade ago could go a long way towards solving our debt problem. Heritage’s Brian Riedl explains:

In the 1980s and 1990s, Washington consistently spent $21,000 per household (adjusted for inflation). Simply returning to that level would balance the budget by 2012 without any tax hikes. Alternatively, returning to the $25,000 per household level (adjusted for inflation) that Washington spent before the current recession would likely balance the budget by 2019 without any tax hikes.

QUICK HITS

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