[rabscuttle385]

The point to keep in mind is that this big spending blitz is coming even before a new President and Congress arrive next year with far more spending promises in tow. As they contemplate their choice for President, voters might want to consider which of the candidates is likely to be a check on Congressional appetites, rather than a facilitator.

Who's going to bailout the next President?

[rabscuttle385]

ping

[rabscuttle385]

Sucks for the next generation ping.

[veracious]

I'd imagine these debt figures are based on the Congressional Report rather than the significantly worse(more realistic) accounting by corporate _standards_.

These debt figures are also limited to Federal funded activities verses all levels of USA government: state, county & region, funded and unfunded liabilities. This combined liability/debt would knock the socks clean off most citizens.

[ikka]

This is the unspoken, unacknowledged pressure that is being brought to bear on oil and gas exploration.

Politicians realize that oil and gas royalties, and further taxes, will fund a great deal of their spending.

Look at Alaska and how they are participating in a $40 Billion pipeline project - that means that the value of the gas far exceeds $40B - and there will be taxes on the workers building it, royalties once the gas is flowing, taxes on this, taxes on that.

This is not a slam against anyone, I am just saying that politicians will figure that if Americans are spending money on something (energy) then some of that money should be going to Washington.

[smokingfrog]

Not only are they spending too much, they are spending it in the wrong places. And the Democrat controlled congress is not sticking to its' pay as you go promise.

[Moonman62]

Too much spending and too little economic growth. The GOP is as much to blame as the Donks.

[Dick Bachert]

Some of us have been fighting this spending MADNESS for many years.

Unfortunately, not many others felt it was – or would become – a serious problem.

Trust me, it is NOW A SERIOUS PROBLEM, one the feds may not be able to print their way out of.

What saddens me most is that Newt either squandered or let slip HIS chance to get a grip on it. And, no, I’m NOT picking on Newt. WE’RE ALL GUILTY!!

In this 2 minute clip, he seems to be trying to tell us that he took a shot at it:

http://www.youtube.com/watch?v=lIo8FJJMps8

[bamahead]

Next up: votes on $50 billion for Detroit auto firms, an $80 billion energy bill, as much as $50 billion for spending masked as a "second stimulus," plus $100 billion or more for the Fannie and Freddie rescue. Rather than sort through priorities, Congress is spending more on just about everything.

Libertarian ping! To be added or removed freepmail me or post a message here.

[qam1]

Xer Ping

Ping list for the discussion of the politics and social (and sometimes nostalgic) aspects that directly effects Generation Reagan / Generation-X (Those born from 1965-1981) including all the spending previous generations are doing that Gen-X and Y will end up paying for.

Freep mail me to be added or dropped. See my home page for details and previous articles.

[djsherin]

***The era of big government is back***

When did it ever go away?