Saturday, December 31, 2011

Republicans Are Big Spenders Too!

All spending bills must start in the House of Representatives.
In December 2011, a “megabus” spending bill for $915Billion
for FY2012 was passed by the House by a vote of 296-121. The
vote in the Senate was 67-32. There was no fanfare as with
previous spending bills (CRs and raising the debt ceiling)
during 2011. The Republican leadership in the House has caved
at every opportunity to control spending. They must accept
the labels RINO and big government profligate spenders.
In 1995 Republicans passed welfare reform and controlled
spending. President Clinton vetoed the spending bills twice –
thereby shutting down the Federal government. He signed the
bills the third time, and he has taken credit for the resulting
surpluses in FYs 1998 through 2001. Few note that deficits in
1993 and 1994 with a Democrat-controlled Congress were large
enough to give Clinton a net deficit for 8 years in office.
The Democrats have blamed President Bush while they have
maintained many of his policies – on steroids! Obama has
publicly showed sympathy with the “Occupy” crowd while taking
tens of Million$ from Wall Street supporters the OWS are
protesting. The Feds have turned a business cycle into the
Great Recession by following the same policies of Hoover and
FDR – trade isolation and maintaining high wages. Three
years passed before trade agreements negotiated under Bush
were finally implemented. “Minimum wage” laws created
unemployment over 25% for 18-25 year-olds and over 40% for
minorities of the same age. Unemployment was above 17% for
the 1930s, and above 9% for most of Obama's three years.
Unemployment seems to be easing despite anti-business
policies and the adoption of European socialism.
Social Security and its Medicare and Drug children are
bankrupt. It is criminal to reduce FICA payroll taxes to buy
votes. What about those “tax loopholes” that Democrats wanted
to close in the “Super Committee” shell game to reduce spending?
No spending was cut and the second round of “commissions” was
lost. Since the tax loopholds were acknowledged, delete them!
Mike Huckabee (Fair Tax), Herman Cain (Fair Tax and 999) and
Ron Paul have offered specific tax reform plans. The debate on
tax reform has abated. Ron Paul's budget would balance the
budget by his fourth year. Many do not think the cuts are
necessary. They have their head in the sand! If nine zeroes
are removed from the numbers, then it is easier to understand
the crisis: Income: $26,000 Spending: $36,600 Oustanding
Debt: $120,000. Each year $10,600 will be added to the
outstanding debt.

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