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Friday, September 26, 2008

Dems Aren't Spending Enough Money, Want $56 Billion More

In just the last few days, Congress has passed $25B in "loans" for automakers, they're currently negotiating a $700B corporate welfare bill, and now they want $56B for another "stimulus". The Dems are calling it "an economic recovery package that will help middle-class families struggling in the weakening Bush-McCain economy". The economy didn't start going downhill until the Dems took over congress.

Senate Democratic leaders unveiled their $56 billion economic stimulus package on Thursday, less than an hour before leaving to meet President Bush at the White House to continue the fragile negotiations on the financial rescue bill.

Calling it “an economic recovery package that will help middle-class families struggling in the weakening Bush-McCain economy,” Majority Leader Harry Reid (D-Nev.) and Appropriations Committee Chairman Robert Byrd (D-W.Va.) pitched the plan with the familiar mantra of “not forgetting Main Street.” The plan includes a $7.5 billion down payment on $25 billion in loans for the struggling auto industry.

“Democrats believe that we must urgently pass another economic recovery package that will create hundreds of thousands of good-paying American jobs and prevent cuts in critical services for millions of Americans,” Reid said in a statement. “With the economic news only getting worse each day, I call on the president, Sen. McCain and congressional Republicans to join us to quickly get this done for American families.”

Byrd said the plan compensates for “failing to invest in America … the Bush administration has fiddled while Rome has burned.”

I love it when people give me money. I've been looking to purchase a new DSLR camera. However; now is not the time. I would rather that money go to securing the borders & ports, and to the military so they can kill more jihadi's.