Thursday, November 10, 2005

Big Vote

Today the House of Representatives will vote on the Deficit Reduction Act. In a nutshell, the Congress will decide if they will reduce the growth (not actual programs just the growth) of federal mandatory spending programs by 1/10th of 1% over the next 5 years. Sounds like a no-brainer when mandatory programs are growing by 6-9% a year (two to three times the rate of inflation).

Here's Obey Out's bold prediction. Dave Obey will vote against wringing waste, fraud and abuse out of these programs. He will vote to maintain the status quo and keep a spending pattern in place that will burden our children and grandchildren with enormous debt. He will say that we wouldn't be in this problem if it weren't for tax cuts for the rich. I can tell you that song and dance simply isn't true. Under Obey's plan, within the next 25 years there will be so much strain on our federal budget that EVERYONE will be paying higher taxes. The payroll/FICA tax itself could need to rise by as much as 40%.

I believe it was liberal economist Keynes when asked about the long run who said, "in the long run we'll all be dead." It's Dave Obey's philosophy, let the next generation figure this problem out, or better yet, "in the long run, Congress can just raise taxes."

It's time to get rid of Dave Obey and his old school liberal tax and spend thinking. For 36 years he's done nothing but vote for irresponsible spending and against any tax relief. Today will be no exception.

1 Comments:

Anonymous Anonymous said...

Unfortunately, a handful of liberal Republicans joined with Democrats to prevent this vote from happening. I hope they give it another try next week. If the Senate can pass a budget bill, the House better get its act together.

9:27 PM  

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