Monday, February 1, 2010

Democrat: "We've got to spend our way out of this recession."

Barack Obama has proposed a $3.8 trillion budget for 2010.  One third of that - ONE THIRD OF THE TOTAL BUDGET - is deficit spending, borrowing (or printing) money that we don't have.

Defending this irresponsible and reckless budget is Congressman James Clyburn (D-South Carolina), the majority whip in the U.S. House of Representatives.  Clyburn said, "we're not going to save our way out of this recession.  We've got to spend our way out of this recession, and I think most economists know that."  "You're not going to grow the economy by wishing it;" he said, "you've got to invest in it.  And that's what we're doing with this budget."  (Link to story here.)

You're not investing, Mr. Clyburn.  Investing is taking money that you have and putting it to work.  You're taking money that you don't have and funding a massive increase in government expenditures.  You're attempting to make more and more Americans dependent on feed from the public trough.  

Allow me to put it simply.  We don't have the money!

What the Democrats are advocating is akin to a family with annual income of $60,000 borrowing $30,000 more - on top of its already staggering debt load - and buying a new car or going on vacation.  It is irresponsible.

Again, we don't have the money!

The time is now to take a meat cleaver to this budget.  Cut.  Cut.  Cut!

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