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  1. #1
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    Default Spending Bill - 4/10/09

    Sigh, another $410 BILLION down the drain.

    http://www.foxnews.com/politics/2009...pending-obama/

    WASHINGTON -- Congress on Tuesday cleared for President Obama's signature a $410 billion measure to fund the government, a measure denounced by most Republicans as an example of reckless spending.
    The Senate approved the measure by voice after it cleared a key procedural hurdle by a 62-35 vote. Sixty votes were required to shut down debate.
    Obama will sign the measure Wednesday, the White House said, but he will also announce steps aimed at curbing lawmakers' penchant for pet projects.
    The $410 billion bill is chock-full of lawmakers' pet projects and significant increases in food aid for the poor, energy research and other programs. It was supposed to have been completed last fall.
    The bill ran into an unexpected political hailstorm in Congress after Obama's spending-heavy economic stimulus bill and his 2010 budget plan forecasting a $1.8 trillion deficit for the current budget year. And Republicans seized on Obama's willingness to sign a bill packed with pet projects after he assailed them as a candidate.
    "If it had not been for the stimulus and the budget proposal it might have been ... noncontroversial," said House GOP leader John Boehner of Ohio. "The stimulus bill riled an awful lot of people up. ... And then the budget proposal comes out."
    Within Democratic ranks, there was relief, not jubilation.
    The 1,132-page spending bill has an extraordinary reach, wrapping together nine spending bills to fund the annual operating budgets of every Cabinet department except for Defense, Homeland Security and Veterans Affairs.
    Described by lawmakers as a $410 billion measure -- but officially tallied by the Congressional Budget Office at $408 billion because of technicalities involving heating subsidies for the poor -- the bill was written mostly over the course of last year, with support from key Republicans such as Minority Leader Mitch McConnell of Kentucky and Lamar Alexander of Tennessee, the Senate's No. 3 Republican.
    They sit on the Senate Appropriations Committee. McConnell is the successful sponsor or co-sponsor of $76 million worth of pet projects, known as "earmarks," not requested by former President George W. Bush, according to Taxpayers for Common Sense, a budget watchdog group. Alexander obtained a more modest 36 earmarks totaling $32 million.
    Alexander supported the measure in the end; McConnell did not.
    But bipartisan support for the bill evaporated after projected deficits quadrupled and Obama's economic recovery bill left many of the same spending accounts swimming in cash.
    Congressional aides say the true cost is closer to $410 billion once heating subsidies for the poor passed last year are included.
    Some Republicans noted that the government has been functioning just fine for more than five months at last year's funding levels.
    "Why not go back to 2008 levels," said Kay Bailey Hutchison, R-Texas. "That would be a responsible action that might start giving confidence to the American people."
    At issue is the approximately one-third of the budget passed each year by Congress for the operating budgets of Cabinet departments and other agencies. The rest of the budget is comprised of benefits programs such as Social Security, Medicare and Medicaid -- as well as interest payments on the swelling $11 trillion national debt.
    Adding in spending bills passed last year for defense, homeland security and the Veterans Administration -- as well as $288.7 billion in appropriated money in the stimulus bill -- total appropriations so far for 2009 have reached $1.4 trillion. And that's before the Pentagon submits another $75 billion or so request for the wars in Iraq and Afghanistan.
    Appropriated spending for 2008 was $1.2 trillion; Obama's budget for next year calls for $1.3 trillion in appropriations.
    Democrats had long feuded with Bush over domestic appropriations levels and stopped action on the nine bills last year, gambling that Obama would win the election and restore hundreds of cuts proposed by Bush.
    And, to the embarrassment of Obama -- who promised during last year's campaign to force Congress to curb its pork-barrel ways -- the bill contains 7,991 earmarks totaling $5.5 billion, according to calculations by the Republican staff of the House Appropriations Committee.
    Among the many earmarks are $485,000 for a boarding school for at-risk native students in western Alaska and $1.2 million for Helen Keller International so the nonprofit can provide eyeglasses to students with poor vision.
    At the same time, the measure chips away at several leftover Bush administration policies. It clears the way for the Obama administration to reverse a rule issued late in the Bush administration that says greenhouse gases may not be restricted to protect polar bears from global warming. Another Bush administration rule that reduced the input of federal scientists in endangered species decisions can also be quickly overturned without a lengthy rulemaking process.
    The big increases -- among them a 14 percent boost for a popular program that feeds infants and poor women and a 10 percent increase for housing vouchers for the poor -- represent a clear win for Democrats who spent most of the past decade battling with Bush over money for domestic programs.
    Generous above-inflation increases are spread throughout, including a $2.4 billion, 13 percent increase for the Agriculture Department and a 10 percent increase for the money-losing Amtrak passenger rail system.
    Congress also awarded itself a 10 percent increase in its own budget, bringing it to $4.4 billion. But the measure also contains a provision denying lawmakers the automatic cost-of-living pay increase they are due next Jan. 1.

  2. #2
    Nevins's Avatar Semper Gumby
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    Default Re: Spending Bill - 4/10/09

    Sigh indeed. I wanted McCain to get elected mainly because of crap like this. We already have $10+ trillion in debt, whats another 1/2 trillion? It sucks that its probably going to be my generation that is going to have to pick up all the pieces of this colossal debt Obama and Bush have been running up.

  3. #3
    Ahlerich's Avatar Praeses
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    Default Re: Spending Bill - 4/10/09

    Quote Originally Posted by Nevins View Post
    Sigh indeed. I wanted McCain to get elected mainly because of crap like this.
    yeah but what would mc cain have done after 50 days in office? (i remember his dramatic travel to washington to fix things )

    no stimulus plan and instead lower taxes. and thats it. thats my guess.
    maybe with mc cain americas depression would last way longer and even though obama is increasing depth a lot doing nothing would create a lot of depth as well - it jsut would take longer.

    why? coz more people would get unemployed and people would remain unemployed longer and all those people would pay no taxes, get some wellfare and were unable to consume more then the elemental stuff you need to live. so there were way less taxes and less money would be spend which makes economy suffer.

    in the end nobody can claim to know exactly what is exactly the right thing to do but it is very well possible that obamas approach is the lesser evil.
    Last edited by Ahlerich; March 11, 2009 at 05:39 AM.

  4. #4

    Default Re: Spending Bill - 4/10/09

    Quote Originally Posted by Ahlerich View Post
    yeah but what would mc cain have done after 50 days in office? (i remember his dramatic travel to washington to fix things )

    no stimulus plan and instead lower taxes. and thats it. thats my guess.
    maybe with mc cain americas depression would last way longer and even though obama is increasing depth a lot doing nothing would create a lot of depth as well - it jsut would take longer.

    why? coz more people would get unemployed and people would remain unemployed longer and all those people would pay no taxes, get some wellfare and were unable to consume more then the elemental stuff you need to live. so there were way less taxes and less money would be spend which makes economy suffer.

    in the end nobody can claim to know exactly what is exactly the right thing to do but it is very well possible that obamas approach is the lesser evil.
    Sorry, but did you fail to even remember that Bush himself supported and pushed a $700 billion bailout before he left office? McCain was an ardent supporter of that stimulus bill. Get your facts straight. Republicans have not been fiscal conservatives since the 1970s.

    Also, you may not know anything about the stock market crash of 1987, which was almost as bad as 1929, but do to good policy decisions, the market recovered relatively quickly. This was during the Reagan years. Now don't get me wrong, I'm a critic of Reagan myself, but one thing you've gotta give him credit for is he knew how to handle recessions. You only give the market the gentle taps in the right places. Private investment is always what gets an economy out of a hole, government investment does nothing but prolong it and if the recession does not bottom out and let up, it will make it worse. I think that Obama is playing a dangerous game here, considering that America's deficit is part of the problem.

    He came into power to change Washington politics, the bailouts so far have been 70% pork spending and earmarks. Obama is acting more and more like the same old.
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  5. #5
    Viking Prince's Avatar Horrible(ly cute)
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    Default Re: Spending Bill - 4/10/09

    Well if you are you -- borrow like crazy and put it into useful stuff such as education and real estate that will not need to be sold of in the near future (10 year window). When in flation hits, you will pay beck with the inflated cash.

    If you are older like me -- well to bad. If you are retired -- you have just lost 1/2 the value of your savings already from the stock market with more damage coming now from price inflation on a fixed pension. 1970's alll over again. *sigh*
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  6. #6

    Default Re: Spending Bill - 4/10/09

    In honor of the Obama revolution Im writing the electric company a check for 125billion for paymen this month.

  7. #7
    Zephyrus's Avatar Protector Domesticus
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    Default Re: Spending Bill - 4/10/09

    Quote Originally Posted by Viking Prince View Post
    Well if you are you -- borrow like crazy and put it into useful stuff such as education and real estate that will not need to be sold of in the near future (10 year window). When in flation hits, you will pay beck with the inflated cash.

    If you are older like me -- well to bad. If you are retired -- you have just lost 1/2 the value of your savings already from the stock market with more damage coming now from price inflation on a fixed pension. 1970's alll over again. *sigh*
    From the looks of things, it'll be worse than that.
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  8. #8
    Ahlerich's Avatar Praeses
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    Default Re: Spending Bill - 4/10/09

    to bush supporting the bill - yes i know that. i just doubt he would have supported it at the beginning of his term. for him it was over so he had no point to be against it anyways.

    i did not know that mc cain supported a stimulus bill - so why were republicans giving obama such a hard time then with his stimulus package?

    i am sorry i am german and politics are crazy here right now, in the eu as well so i dont follow american politics in detail. i still feel free to post my opinion here. i read posts on topics where people were posting their opinions with way less knowledge on topics. its the pit

  9. #9

    Default Re: Spending Bill - 4/10/09

    Ahleric, the thing about the original stimulus bill was that it was $150 billion cheaper.

    The problem that many of us are having with Obama is that he is consistently being ignorant about what he's spending. Spending money on helping get reboot for the housing market and other areas that are the root cause of the recession is one thing, but appropriating federal money to build high-speed railway from Los Angeles to Las Vegas?? If you actually see what's going on, more and more of these bills Obama is passing is just representatives and Senators stealing as much taxpayer money as possible to spend on things that make them look good and get them re-elected. At the taxpayer's expense.

    Someone's gotta pay for all this . We certainly can't right now. That's why we are in a 12 trillion dollar deficit and rising.

    The great money pie that is America is being grabbed and shoveled down more and more by the government and by corporate elites. The pie slices are becoming smaller and smaller for average Americans. Even if we rise out of the recession, what kind of good jobs or real money will be left?
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  10. #10
    Barry Goldwater's Avatar Mr. Conservative
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    Default Re: Spending Bill - 4/10/09

    This is ape insane

    Can't wait for 2012, maybe then we'll get someone resembling a fiscal genius in the White House...we'll need him/her by then if this keeps up

  11. #11

    Default Re: Spending Bill - 4/10/09

    so down the drain means "spent in various useful projects in every spectrum all over america"

    so money isnt going down the drain when it gets 5 thousand americans dead, hundreds of thousands of muslims dead we spent 1.7 trillion on the wars currently; and its still going up, so why no cries of waste about putting blood into the sand?

  12. #12
    Dayman's Avatar Romesick
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    Default Re: Spending Bill - 4/10/09

    This rash of spending is kind of necessary at this point. It's not like a republican administration would buckle down and start pulling a surplus out of their ass.

    maybe then we'll get someone resembling a fiscal genius in the White House
    Last time I checked Congress controls spending...

  13. #13
    Barry Goldwater's Avatar Mr. Conservative
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    Default Re: Spending Bill - 4/10/09

    Quote Originally Posted by Dayman
    Last time I checked Congress controls spending...
    Ahh yes, Congress...they need to be purged of idiots who keep letting this happen too...

    Though of course, a fiscal genius in the White House wouldn't hurt either

  14. #14
    Dayman's Avatar Romesick
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    Default Re: Spending Bill - 4/10/09

    Quote Originally Posted by The Man View Post
    Ahh yes, Congress...they need to be purged of idiots who keep letting this happen too...

    Though of course, a fiscal genius in the White House wouldn't hurt either
    This whole situation is a cascade of bad government AND bad business practice. Fortunately, most of those perpetrators on the private sector are begging for change these days.

  15. #15

    Default Re: Spending Bill - 4/10/09

    bad government comes out of a bad population.

  16. #16
    Dayman's Avatar Romesick
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    Default Re: Spending Bill - 4/10/09

    Quote Originally Posted by Chaigidel View Post
    bad government comes out of a bad population.
    Preaching to the choir Chaig.

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