Thursday, April 14, 2011

2011 Budget Passes House; America Loses Again

After seven months of being delinquent, today the House of Representatives finally passed the 2011 Budget. Unfortunately, it's a loser for the nation as no real cuts were made upon examination of the final legislation. The final result: about $350 million in cuts. Yes, that's right. Million. If this was a state budget, that might be a meaningful cut. However we're speaking of the over bloated federal government budget that totals around $3.8 TRILLION dollars. This is so meaningless it's pointless to calculate the percentage as it's so far under 1% it's laughable. Include the fact that that "one time" stimulus spending has been built into the budget "permanently", it's inexcusable that any fiscally sane person would vote for this.

Conclusion: Only 59 Republican incumbents deserve to be re-elected in 2012 in the House.

In fact, they're the only ones that deserve to be re-elected in the entire body. All the Democrats that voted against the bill did the "right" thing for the wrong reasons -- they believed it actually cut TOO MUCH.

Boehner doesn't deserve to be in the House of Representatives, let alone be Speaker. He threw away his biggest political weapon in the negotiations (a government furlough of non-essential employees and services) before the negotiations even started. He also low-balled the original cuts at about 2.6% of the $3.8T budget, then quickly got whittled down from there. Anyone who has ever purchased a car knows negotiating tactics better than the current Speaker of the House.

So the result: another trillion plus dollar deficit, which can't even be explained as being put on a credit card -- because a large chunk of this "financing" is coming from printing money, and purchasing our own debt through Federal Reserve shenanigans since nobody else will buy it anymore due to the reckless irresponsible spending that has been occurring the last few years 2007-2010, and now by virtue of incompetent and spineless politicians in the House, 2011.

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