Day By Day

Tuesday, January 17, 2012

It's the spending!!

From Investors.com comes this frightening news about our Congress:

Despite endless talk of spending cuts and fiscal restraint in Washington over the past year, lawmakers continued to act as though the government doesn't spend nearly enough.

They introduced 874 bills in the House and Senate that would have boosted annual federal spending by more than $1 trillion if they'd all been signed into law, according to an analysis done for IBD by the National Taxpayers Union Foundation.

In contrast, lawmakers offered up just 215 bills to cut spending last year that would have reduced federal outlays by about half a trillion had they all been signed into law.

The analysis also found that for every dollar in cuts, lawmakers in the House proposed nearly $3 in spending hikes, and in the Senate $1.40 in hikes.

Personally, I'm rooting for a Greek default 47 days from now.  Maybe that will shock both voters and their representatives into some sense.

Read the whole story HERE.

No comments: