It may be time for a revolution.
President Obama is reaching new lows in his job-approval rating, yet he forges ahead with a stimulus plan loaded with new taxes and government jobs for his pals. Congress is even more unpopular than the President. Lawmakers have not repealed ObamaCare, reformed entitlement programs or done anything to slash the $14.7 trillion in debt Washington has created for you. This country is on a dangerous course.
We desperately need some real change in Washington.
President???s Stimulus Plan
The details of the President???s stimulus plan are out, and they aren???t pretty. The plan has a price tag of $447 billion, according to the White House. A more accurate cost should be out this week when the Congressional Budget Office scores this plan. It will cost the taxpayers nothing, because it is a political document not likely to pass Congress. But it will likely be the centerpiece of President Obama???s campaign to blame Republicans and the Tea Party for his own failings.
The Obama plan is heavy on government-created jobs and light on getting the government out of the way of private enterprise. The plan includes $35 billion for teachers and first responders???government jobs. It includes $30 billion to ???modernize schools??????a sop to Obama???s union pals. It also includes another $50 billion for immediate surface transportation projects and the creation of an entitlement program for states and local governments called the ???Infrastructure Bank.??? These provisions are little more than a bailout of states that can???t make ends meet and are facing the prospect of laying off the temporary workers they hired because of the President???s first stimulus plan.
His plan is schizophrenic on tax policy. He has proposed $240 billion in temporary tax reductions, including a $175 billion cut in the payroll taxes for 2012, yet he pays for his plan with $467 billion in tax increases.
The Tea Party is spoiling for another spending fight, but it may not come for a few more weeks. The fiscal year ends on Sept. 30, and the House is working on a short-term Continuing Resolution (CR) to fund the government until Nov. 18. Some conservatives are angry that, although the bill cuts spending by 1.4% from this year???s levels, it funds the government at a higher level than the Rep. Paul Ryan (R.-Wis.)-passed budget levels. The CR also seems to put off a fight on spending priorities, because the reforms contained in the Ryan budget are not part of this spending measure.
Some liberals are angry that the federal government is going to actually cut some waste in funding disaster relief. The CR contains $3.65 billion in disaster relief, with offsets for this new spending, including the Advanced Technology Vehicles Manufacturing Loan Program. Senate Majority Leader Harry Reid is pushing for $6.9 billion, with no offsets.
Sen. Tom Coburn (R.-Okla.) is going to offer an amendment to the transportation and aviation temporary authorization program to delete a program called ???Transportation Enhancements.??? This program grants the Federal Highway Administration the authority to force states to spend 10% of federal money on bike paths, highway beautification and transportation museums.
Some states have used the $12.5 billion spent from Fiscal Years 1992 to 2010 for silly projects. In 2008, Harry Reid???s home state of Nevada spent $498,000 in federal monies for ???decorative rocks, native plants, some pavement graphics, a few walls, and some great big granite boulders,??? according to KTNV in Las Vegas.
Not to be outdone, Vermont spent $150,000 in 2010 on a tunnel for salamanders and other amphibians to avoid a heavily traveled road. In 2009, Florida cashed out with $3.4 million for a tunnel for turtles and other animals that live in Lake Jackson. The federal government has forced states to waste money on these projects, instead of using it for roads and bridges, to please radical environmentalists.
Super Committee Meets in Secret
According to the National Journal, the Joint Select Committee on Deficit Reduction met for breakfast, marking the first of many closed-door, non-transparent meetings of the group. This 12-member super committee is tasked to come up with recommendations by Nov. 23, with an expedited vote in the House and Senate by Dec. 23.
Both parties are filled with members who are comfortable spending billions of your tax dollars without losing sleep thinking about the debt our federal government has created for you. Let the revolution begin.