Friday, February 13, 2009

Here comes Spendulus....

Obama's economic stimulus bill - a massive, $790 billion package of tax cuts and federal spending - is on track for a Friday vote in the House, and the Senate could vote on the bill later in the day or over the weekend. Despite a provision in the bill allowing Americans a 48hr review time, the vote must go on. The bill that was approved by the Senate last week was just north of 700 pages, the compromise bill over 1,400 pages – that defies logic.

The Good News – Americans will get tax credit amounting to approx $1.10 per day, that is one item from the McDonalds dollar menu or a trinket from the dollar store. Better yet - I am going to use my $1 to buy a lottery ticket!

The Bad News – for the $1.10 per day each family will be strapped with over $9000 in national debt – our grandchildren and their grandchildren will have to pay it! It is a crime.

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