The federal government is now $13 trillion in the red, the Treasury Department reported Wednesday, marking the first time the government has sunk that far into debt and putting a sharp point on the spending debate on Capitol Hill.
[…]At $13 trillion, that figure has risen by $2.4 trillion in about 500 days since President Obama took office, or an average of $4.9 billion a day. That’s almost three times the daily average of $1.7 billion under the previous administration, and led Republicans on Wednesday to place blame squarely at the feet of Mr. Obama and his fellow Democrats.
After a series of procedures on the Floor of the House, House Democrats voted to table a bill that would eliminate the proposed federal employee pay raise scheduled to go into effect next year and also freeze the pay for Members of Congress. Rather than cut spending as the people have asked, Democrats have passed the buck yet again.
And here’s the video.
I’m guessing that this is the spending cut that was selected by the public as part of the Republicans’ “YouCut” program, which allows ordinary voters to choose which legislation will be brought forward by the Republicans to cut federal spending. I posted a video of Michele earlier this week explaining which cut was selected by voters. I guess she got picked to bring the proposed cut up for a vote. Well, the Democrats blocked her and now federal employees, including members of Congress, are all going to get raises. During a recession headed for a depression.
Here’s the blurb from a second video she posted:
It’s amazing to me that the Democrats here in Washington can say that they are seriously concerned with our skyrocketing debt and out of control spending, yet reject the people’s common-sense proposal to put a freeze on federal salaries, including Members of Congress. The Democrats can’t have it both ways, and it’s just another example of the fiscal recklessness we’ve grown so accustomed to under their leadership.
And here’s the second video:
This made me feel very sad. Why isn’t anyone listening to her? How is anyone supposed to have children when they know that the next generation of kids is going to be saddled with enormous debt from our overspending?
By the way, I note that Club for Growth now has Michele ranked #1 in their legislative power rankings. And I agree, she is the best. Ryan is #3, and Blackburn is #5. In the Senate rankings, Jim Demint is all alone at the top.
Keep in mind that the socialists under Zapatero are running Spain now, and that’s where this green energy policy came from. Is it working out for socialist Spain?
Excerpt:
Pajamas Media has received a leaked internal assessment produced by Spain’s Zapatero administration. The assessment confirms the key charges previously made by non-governmental Spanish experts in a damning report exposing the catastrophic economic failure of Spain’s “green economy” initiatives.
[…]Unsurprisingly for a governmental take on a flagship program, the report takes pains to minimize the extent of the economic harm. Yet despite the soft-pedaling, the document reveals exactly why electricity rates “necessarily skyrocketed” in Spain, as did the public debt needed to underwrite the disaster. This internal assessment preceded the Zapatero administration’s recent acknowledgement that the “green economy” stunt must be abandoned, lest the experiment risk Spain becoming Greece.
The government report does not expressly confirm the highest-profile finding of the non-governmental report: that Spain’s “green economy” program cost the country 2.2 jobs for every job “created” by the state. However, the figures published in the government document indicate they arrived at a job-loss number even worse than the 2.2 figure from the independent study.
Spain is giving up their green energy / green jobs initiative. What does Obama learn from Spain’s failure?
Excerpt:
This document is not a public report. Spanish media has referred to its existence in recent weeks though, while Bloomberg and the Washington Examiner have noted the impact: Spain is now forced to jettison its plans — Obama’s model — for a “green economy.”
Remarkably, these items have received virtually no media attention.
An item which has been covered widely, however, is that President Obama is now pressuring Spain to turn off its spigot of public debt in the name of averting a situation similar to that of Greece.
Also covered widely is Obama’s promotion of the American Power Act — the legislation which would replicate Spain’s current situation in the United States.
Put simply, Obama is currently promoting a policy in the U.S. which is based on a policy that he wishes to see Spain abandon.
Why can’t we learn from Spain’s failure and avoid making the same mistakes they did? Is that too much to ask?
WINTERY KNIGHT 