For those of us planning on keeping track of the big government, big spending proposals in President Obama’s first address to Congress tonight, here’s the key:
Start with $3.6 trillion. Add from there.
$3.6 trillion is the total amount of new debt that Washington politicians have made taxpayers responsible for thanks to the Bush-Obama big spending, big government, big politician approach to fixing the economy.
Add up all the Bush and Obama spending and stimulus bills of the last year, plus the interest on the debt that they create and that’s (conservatively) what you come up with.
$3.6 trillion. That’s real money, even in Washington,.
More Politician-Engineered, Washington-Centered Power Grabs To Come
And Washington is just getting started.
Sen. Daniel Inouye (D-Hawaii), the chairman of the powerful Senate Appropriations Committee, calls last week’s mammoth $787 billion spending bill “stimulus No. 1.”
In other words, there are more politician-engineered, Washington-centered power grabs yet to come.
Of course, President Obama has been talking a lot about “fiscal responsibility” lately.
But talk is just talk if it is not matched by deeds. Tonight we will find out if the mountain of debt our children and grandchildren are inheriting will get even higher. Every American who’s concerned about the jobs and prosperity that we are in the process of robbing from future generations of Americans should tune in. And pay close attention. Continue reading . . .
