Deficit Spending

For over a year people have been protesting Washington’s out-of-control spending and the rising deficit. Congress said it was listening to the people and passed Pay/Go. The concept is good, but Congress has exempted many, many project from the Pay/Go requirements. Since Pay/Go was passed, Congress has increased deficit spending by 173 billion dollars. Pay/Go will only work if Congress actually abides by it.

Before the Memorial Day recess Congress proposes to spend 200 billion more dollars. Congress’ pledge to spend tax payer dollars carefully has quickly vanished. This is Washington spending as usual.

Is Congress observing what is happening in Greece? Greece has piled entitlements on entitlements. Greece has been spending money it does not have. Greece is facing bankruptcy. The IMF is bailing out Greece – We are bailing out Greece. This is like Germany bailing out California. We should not be bailing out the EU.

Greece should be a cautionary tale for the United States. Congress has just placed a massive entitlement (Health Care) on the shoulder of the citizens of the United States. Congress has been spending massive amounts of money that we do not have. Washington needs to wake up and smell the rotting roses.

Congress is ignoring the proposed 2011 budget. They do not want to consider it in an election year. They know that the public is disgusted with Congress’ massive deficit spending. The 2011 budget spends 3.38 TRILLION dollars. This is a 9.7 percent increase over this year’s budget – which was a massive increase over the 2009 budget. The proposed 2011 budget includes 1.56 TRILLION dollars of deficit spending.

Congress needs to really listen to the voice of the people. Congress needs to stop spending money that we do not have. Congress is running down the road to ruin. Stop and reverse course!

The ultimate authority...resides in the people alone (James Madison). Congress serves at the pleasure of the people. The people are not happy.

Signed,
The Electorate

Returning TARP Funds

From the Electorate:

Soon ten banks will be returning the TARP funds they received to the Treasury Department. The Treasury plans to keep these funds for future use. The TARP bill passed last fall stated that this returned money was to go towards reducing the deficit. Will Congress insist that the provisions of the TARP bill be followed?