Friday, September 19, 2008

Democratic Leaders Are Dumb

House Speaker Nancy Pelosi vowed Thursday to press ahead with a Democratic plan to inject more than $50 billion or so into the economy, despite opposition from the White House and moderates in her own party.

“The worsening economy demands another bipartisan economic recovery effort,” Pelosi wrote in a letter delivered to President Bush Thursday evening.

Just hours earlier, the California Democrat had seemed pessimistic about the chances for a second stimulus bill to follow on the tax rebates enacted in February. She told reporters that it would only advance after Democrats attempt to put some of the more popular components on a budget bill Congress must pass in the next two weeks.

“We’ll see what we can get” in that bill, Pelosi told reporters. “And then we’ll see where we go from there.” The “continuing resolution” is necessary to keep the government running after Sept. 30.

“Let’s face it, we can only have a stimulus if the president will sign it,” Pelosi added.

Later, Pelosi renewed her vow to try to pass a stimulus measure that would combine billions of dollars for jobs-producing infrastructure projects, more food stamps, additional Medicaid aid to states, home heating subsidies and a further extension of unemployment insurance.

Ok, so the last one didn't work with more than $100 billion dollar infusion, so what makes them think another $50 billion will work?  It's not even money we have, it's borrowed money.  It's an idiotic idea at best, and Nancy Pelosi is simply trying to prop up her numbers by basically buying votes.  Simply put, you need to cut spending.  Do that, and everything else will fall into place.  Our budget is $3 trillion dollars, so how about instead of spending more money, you put say oh I don't know, $500 billion a year towards reducing the federal debt.  It'll be COMPLETELY paid off within 20 years.  Not really that difficult people.

 

Travis

travis@rightwinglunatic.com

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