Thursday, February 5, 2009

Stimulus package adding debt, not jobs

From fayettedailynews.com:

Democrats blocked out Republican input. I want to see taxpayers keep more of their own money, I want to see the spending more focused on building things such as roads and bridges, and I want to see the price tag brought down dramatically because I don't see how we can pay this back.

The Democratic leadership is using this bill as a vehicle to fulfill all of their bottled up wishes from the past four decades.

Where is all this money going to come from?
We were living on borrowed money even during the high times. We've maxed out the credit card and our debt load is going to scare off our creditors.

President Obama has vowed that he's not going to put off the tough decisions, but spending like this today is going to make situation tomorrow even worse. Members of the House who vote yes on this bill aren't just costing taxpayers the price tag on the bill.
It will cost $247 billion over the next 10 years to pay the interest on this deficit spending - that's money wasted that won't pay for future students' Pell grants or poor families' Medicaid bills."

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