"Democrats are committed to ending years of irresponsible budget policies that have produced historic deficits. Instead of compiling trillions of dollars of debt onto our children and grandchildren, we will restore pay-as-you-go budget discipline."—Speaker Nancy Pelosi, December 12, 2006
Of course you know that went by the boards very quickly upon Democrats assuming office. The most ethical and honest Congress in history (the one with the 14% approval rating) chucked that beauty before the ink was dry on the resolution.
The President said in February, when the first bill was passed, and we did it in record time, we worked together in a bipartisan way, that he didn't want to do any of these other things: unemployment insurance, food stamps, LIHEAP, aids to states in arrest, because he wanted to just do the rebates, he wanted to see how they worked. Well, I think they had a positive effect except they have been offset, as has been said by our experts, by the rising costs in other necessities for the American people. So while they may have saved the second quarter from a technical definition of a recession, the fact is that we are into a third quarter and we need to have another stimulus package. Last time, it took the testimony of Chairman Bernanke to convince him of that; hopefully he will hear from his financial advisers, although Bernanke is independent of the President, I hasten to add.
Got that? Hey that last burst of debt did ok for the second quarter, but it's the third quarter for heaven sake. As Robert Mugabe would say, "warm up the printing presses."
And this time, let's not send money directly back to the people - they may do what Michelle Obama suggested and buy some earrings.
Instead, let's lard all the programs which are most likely to garner Democratic votes in November. Medicare, Medicaid, unemployment insurance and food stamps. And here's a thought - let's help bail out states which have overspent and have budget deficits as well. I'm sure she sees that as the "state workers continuing employment act", good for a million or so votes at election time.
That ought to stimulate the heck out of the economy!
As for your children and grandchildren, tell 'em to suck it up. Pelosi and company have a White House to win and ethics and promises can take a flying leap when that's in play.
Now you know why a 14% approval rating is way to high for this bunch.