Friday, September 9, 2011
More Spending Now Cut Spending Later
Will Americans continue to fall for the more spending now, cut spending later proposals of the Obama Administration and the Democratic Party? The President's America's Job Act is exactly that: an act. It is just another $500 billion of new spending now that will be paid for by cuts in mythical projected spending some time in the future. The President's approach is to eliminate the need for a House and Senate by urging them to "pass the bill" now. There is no bill. A bill, in Congressional terms, is legislation. It is law. It is not a wish list, a compilation, or an amalgam of items. It is a document that spells out specifically the rules under which taxpayer money will be appropriated and spent. The President has offered no such bill for the Congress to pass.