Sen. Everett Dirksen, in the 1950’s on the floor of the U.S. Senate during budget debates, is said to have quipped “a billion here and a billion there and pretty soon it adds up to real money.” It is now well-accepted that he did not actually make that statement so often attributed to him, but he was well capable of saying such, and likely should have. So what would he think about the current spending spree? Who is at fault? It’s Congress (led by the nose by Pres. Obama) and while the following article (which appears to have the facts) faults more the currently Democrat-led Congress, neither party can claim to have been fiscally responsible in recent decades.
A little-known fact is that federal spending rose by only 2.8% during fiscal 2007 under the final budget passed by a Republican Congress. I know, zero percent would have been preferable, and it was way too little and too late for a bunch that had let spending grow way too quickly during the previous five years.
Then came the Democrats. Spending during the fiscal year that ended in September 2008, the first full budget year under the control of Nancy Pelosi and Harry Reid, increased by 9.1% to almost $3 trillion. That percentage increase was greater than any Republican Congress under George W. Bush.
They were just warming up. Fiscal 2009 brought the beginning of the $787 billion (before interest) “economic stimulus plan.” All but those in serious denial acknowledge that it has failed to revive the economy, which economist David Rosenberg described on August 25 as already being in a depression. Despite representations to the contrary, the stimulus plan had 9,000 earmarks, including that $2 billion Illinois energy debacle. More generally, entitlement and other spending went into overdrive. Fiscal 2009 ended with a reported deficit of $1.416 trillion.
via Pajamas Media » It’s the Spending, Stupid. (The above links are mine)
Where does it end? When? What does it take for us (you) to get mad enough to make your voice heard? If the general idea of spending doesn’t get your dander up, focus on the following comment from the above article:
Despite representations to the contrary, the stimulus plan had 9,000 earmarks, including that $2 billion Illinois energy debacle. More generally, entitlement and other spending went into overdrive. Fiscal 2009 ended with a reported deficit of $1.416 trillion.