STOP CONGRESS FROM VOTING FOR TRILLION DOLLAR DEFICITS AND GOVERNMENT TAKEOVER OF HEALTH CARE AND ENERGY
by: the american conservative union | published:
04
27, 2009
The House and Senate will vote this week on the most fiscally irresponsible budget to be proposed in American history. It puts into place trillion dollar a year deficits for the next ten years, an 8 percent increase in the budget for Fiscal Year 2010, raises taxes on small business by allowing some of the 2001 and 2003 tax cuts to expire and even eliminates the token $400 tax credit President Obama claimed was a key part of his economic recovery program.
On top of this, a special provision, known as reconciliation, was inserted to eliminate the ability of the Republican minority in the Senate to stop the government takeover of health care.
Senate Budget Committee Chairman Kent Conrad (D-ND) claimed he would oppose the use of the parliamentary maneuver known as reconciliation, that it would be wrong to use this provision for 'major legislation'. Said Conrad: "That's not what reconciliation was designed for. It was designed for purely deficit reduction. This not only offends the minority, but it doesn't work well." Only days later, Conrad meekly bowed to the demands of House Speaker Nancy Pelosi and the Obama Administration and accepted these provisions.
Wait! There's more. Although Conrad claims this provision will only be used for a health care bill, he admits under questioning there is nothing to prevent Pelosi and Company to use it to pass the global warming "cap and tax" bill instead. That bill now being written in the House Energy and Commerce Committee, will, over time, dramatically raise the cost of energy in this country. Senator Judd Gregg (R-NH) once asked to join the Obama cabinet, said the global warming bill "proposes the largest tax increase in history, much of it aimed at small business people".
Even the Congressional Budget Office, appointed by the Democrat majority, published an analysis that shows this budget creates unsustainable debt of $9.3 trillion over ten years. The CBO said the initial deficit would represent 10 percent of the Gross Domestic Product, an unprecedented figure.
This is a budget even the liberal Washington Post said would require "tens of thousands of new federal workers to realize its goals". It's a budget that Senator John McCain said represents "generational theft".
We at the American Conservative Union thank you for all you do to advance conservative, free-market principles.
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