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Obama calling for more infrastructure spending

September 6th, 2010 . by TexasFred

Obama calling for more infrastructure spending

WASHINGTON (AP) – President Barack Obama is asking Congress to approve at least $50 billion in long-term spending in the nation’s roads, railways and runways in a pre-election effort to show he’s trying to stimulate the sputtering economy.

The infrastructure spending is part of a package of targeted proposals the White House announced on Monday. With November’s elections for control of Congress approaching, Obama planned to discuss the proposal later Monday at a Labor Day event in Milwaukee.

The proposals would require congressional approval, which is highly uncertain with many legislators and voters worried about adding to federal deficits that are already sky-high. With Republicans saying spending is out of control and polls showing many people want to end Democrats’ control of Congress, even many Democratic lawmakers are reluctant to approve new spending so close to Election Day.

Even if legislators could pass a bill in the short window between their return to Capitol Hill in mid-September and the elections, the early projects would not create jobs immediately. Senior administration officials, who would not be quoted by name before Obama’s announcement, said the initial projects would lead to new jobs over the course of 2011.

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Obama calling for more infrastructure spending

What do you get when you elect a community organizer to the highest office in the land?

A community organizer. Nothing more.

All Barack Hussein Obama and his band of ne’er do wells have done is bankrupt America. Now he wants to take America even further into the abyss with deficit spending that is nothing more than smoke and mirrors.

It’s not that the USA doesn’t NEED to spend money on our crumbling infrastructure, we do, but it’s a simple fact that we don’t have the money to spend. Most Americans know that, Obama isn’t most Americans. The Democrats that worship their Obamessiah aren’t most Americans.

This nation is hurting, and Obama sends his wife on holiday to Spain, on OUR dime.

Obama has a plethora of known TAX CHEATS in his administration.

Obama himself takes more vacations than ANY president ever has.

Soon, that will change. Watch this video.

I’m not at all convinced that the Obama regime understands what a deficit, or deficit spending is. But once again the Obama administration is about to attempt the launch of one of their we can spend our way out of this thing programs.

deficit – noun

1. (Economics, Accounting & Finance / Accounting & Book-keeping) the amount by which an actual sum is lower than that expected or required
2. (Economics, Accounting & Finance / Accounting & Book-keeping)
a. an excess of liabilities over assets
b. an excess of expenditures over revenues during a certain period
c. an excess of payments over receipts on the balance of payments

Let me make this very simple for the simple minds that are running our nation; we are BROKE! America is SO broke, we can’t pay attention. And Obama wants to spend MORE!

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Federal budget deficit hits record

November 13th, 2008 . by TexasFred

Federal budget deficit hits record

WASHINGTON – The federal government began the new budget year with a record deficit of $237.2 billion, reflecting the billions of dollars the government has started to pay out to rescue the financial system.

The Treasury Department says the deficit for the first month in the new budget year was the highest monthly imbalance on record. It was more than four times larger than the October 2007 deficit of $56.8 billion.

The big surge reflected the government spending $115 billion to buy stock in the nation’s largest banks. Those were the first payments made from the $700 billion government rescue program passed by Congress to deal with the most severe financial crisis to hit the country since the 1930s.

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Federal budget deficit hits record

I am going to preface this by saying: I am NOT a Republican nor a Democrat, I am an Independent Conservative.

This nation is in a mess, and I place the blame squarely on George W. Bush, he is, after all, the guy in charge, and as Truman said, “The buck stops here”.

It has happened under his watch, he encouraged the Wall Street bailout, many RINOs supported that bailout, Cornyn and Hutchison from Texas immediately come to mind.

Nearly ALL the Dems in the senate supported it, including Obama, I am NOT pointing at any individual, I am pointing at ALL of them, our elected officials that have taken this nation into a state of Socialism and *We, the People* are paying for it!

Until the voters of this nation stand up to the FREE SPENDING, give it all away politicos in D.C. and force this nation back into a position of fiscal responsibility, and serious conservatism, this is ALL we can expect, from the current and all future administrations.

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