What happened to the Tea Party revolution of 2010? I’m not complaining about the Tea Parties rather the Republican Congressmen they elected. Weren’t they elected to go to Washington and cut spending? Don’t you get tired of hearing the excuse that the Republicans only control one-half of one branch of government? The Republicans control the House and the House controls the purse strings. They are in the driver’s seat! So why are we in the fourth year of “stimulating” our economy with $850 billion per year on top of normal government spending?
Remember the now famous Rex Nutting article in Market Watch, Obama spending binge never happened? We discussed it here a week ago. It was the most reprehensible piece of reporting I have ever read. let’s recap the history of Obama stimulus.
The federal budget cycle runs from October through September of each year. So, around September of 2008, the last year of the G. W. Bush administration, the House passed the 2009 budget. It did not include a stimulus package. Harry Reid and the Senate delayed passing the budget. Mean while, Barack Obama was elected President and took office in January of 2009. He immediately went to work with the Democrats controlling both the House and the Senate and they passed a stimulus bill for around $850 billion. In March of 2009, Harry & Company finally pass the budget with the stimulus included and send it to Obama to sign. So, Obama had an $859 billion slush fund to spend between March of 2009 and October of 2009. Because Harry Reid decided he doesn’t like budgeting, the fiscal 2010 budget, which should have been passed before October of 2009, and the 2011 budget, which should have been passed in October of 2010, were instead Continuing resolutions which covered the normal cost of government plus the $850 billion of stimulus each year. Damn those Democrats!
Okay! Bad Democrats! But, in November of 2010 there was a Tea Party revolution and the Republicans won control of the House and the purse strings. So, in the Fall of 2011 when it was time to pass the fiscal 2012 budget, what happened? Well Harry & Company still refused to even consider a budget, there was a faux fight over the debt ceiling and, another Continuing Resolution was passed, which still included the extra $850 billion slush fund. Why, dear friends? Why didn’t the House Republicans stand their ground? Why didn’t they say to Harry Reid: “Fine. If you don’t want to pass a budget, we will agree to a Continuing Resolution but minus the $850 billion stimulus package.” No body would have lost any of their freebies. Social Security and Medicare would not have been touched. They would only have eliminated Obama’s $850 billion vote-buying slush fund. But, our Republican controlled House didn’t do that, did they?
Currently, the United States’ deficits and, therefore our borrowing, are about $1.1 Trillion a year. Just by not spending anymore stimulus money, without touching anyone’s goody basket, we could reduce our deficits and our borrowing to $250 billion per year. Wouldn’t that be a good start?
When Ron Paul was still a candidate for the Republican nomination for president, he said that if he were elected,, he could cut spending in his first year by $1 trillion. WELL, OF COURSE HE COULD! All he would have to do is to put a stop to the “stimulus spending” and find another $240 billion to cut. A blind hog could find $240 billion of waste and useless agency spending to cut!
Now we find ourselves in election year 2012. This Fall the Republican controlled House will have another opportunity to show us they are serious about cutting spending with the fiscal 2013 budget/Continuing Resolution. What do you think is going to happen. Smart money would say there is going to be another faux debt ceiling fight and another Continuing Resolution and the $850 billion slush fund will continue for the fifth year in a row.
If Obama is reelected, you can bet he will spend that $850 billion. What if Romney is elected? Will he stop the spending on “stimulus”? Hmmm. I lived five years in Missouri. He’ll have to “show me”.
Well, that’s what I’m thinking. What are your thoughts?