Monday, December 21, 2009

Profligate road to perdition - Washington Times

Profligate road to perdition - Washington Times: "The fat-filled $1.1 trillion appropriations bill Democrats sent President Obama last week is the latest action in a spending spree that is fast becoming the pivotal political issue of the midterm elections.

The Democrats' yearlong spending orgy, record $1.4 trillion budget deficits and a $12 trillion national debt have been overshadowed by the economy and jobs, health care reform and other issues. But they are part and parcel of a spending binge that has spawned a taxpayer rebellion and driven Mr. Obama's job approval polls down into the 40s.

The catchall funding bill to enrich dozens of departments and agencies for fiscal 2010 represents a budget-busting 12 percent increase in spending - an unprecedented expansion of government in a time of belt-tightening by ordinary Americans and private businesses.

The irresponsible level of spending increases was scandalous enough, pushing budget growth far beyond the modest rate of inflation, sucking investment and savings out of a financially anemic economy and piling up higher debts on future generations of Americans."

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