Pelosi-Reid-Obama Spending Bill To Cost Families $10,520
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“We have tried spending money. We are spending more than we have ever spent before and it does not work.” – FDR’s Treasury Sec. Henry Morgenthau Jr., architect of the New Deal.
Barely a week into his administration and Barack Obama is already looking to leave a legacy of debt to future generations. The Pelosi-Reid-Obama Spending Plan has quite the price tag on it. $10,520 to be exact. That is the amount of debt placed on each U.S. family to support the $825 billion spending/debt plan being rushed through the Democrat-controlled Congress. You and I will be forced to pay this money back. It is not a gift. It is not a magical event. It is debt.
HIGH COST TO AMERICAN TAXPAYERS
- After Congress appropriates the FY’09 omnibus bill, they may have spent over $1.4 Trillion in less than one month!
- The current “stimulus bill” will be the LARGEST SPENDING BILL EVER enacted by Congress, making the New Deal look small, accounting for inflation.
- The “Stimulus” Bills Your Family – $825 Billion is equivalent to borrowing $10,520 from EVERY FAMILY IN AMERICA. This money has to be paid back.
- If all families were asked to equally shoulder the burden of $825 Billon, this debt would be equivalent to what they roughly spend on food, clothing, and health care in an entire year.
- If Government Spending solved recessions, we would never have recessions.
Read the full article at The Heritage Foundation. It is as disturbing and upsetting.
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Obama Promises Compromises With Republicans On Spending Plan | Right Soup
January 27th, 2009 at 9:35 pm[...] right. Americans expect action, not the jobless wasting of their tax dollars and at least he’s agreed on one point of that with pressure for the removal of the magical [...]
