Thursday, June 18, 2009

Anxiety Rises Over Democrats' Unchecked Spending, Historic Deficits

The Democrats’ spending binge in Washington is catching up with them. After five months of unfettered spending, taxing, and borrowing, the American people have grown weary of an agenda that is plunging the nation into deeper debt and sticking our children and grandchildren with the tab. Two new national polls are making news this morning by detailing Americans’ increasing concerns about the deficit – and Democrats’ lack of any plan to deal with it. Here are the highlights:

Wall Street Journal/NBC News: “President Barack Obama faces new concerns among the American public about the budget deficit and government intervention in the economy as he works to enact ambitious health and energy legislation, a new Wall Street Journal/NBC News poll finds. A solid majority – 58% – said that the president and Congress should focus on keeping the budget deficit down.”

New York Times/CBS News: “The poll highlights the political and governing challenges on the horizon for Mr. Obama, including the towering federal budget deficit, which is expected to push the national debt to levels that many economists say could threaten the economy’s long-term vitality. Six in 10 people surveyed said the administration has yet to develop a clear plan for dealing with the deficit, including 65 percent of independents.”

Think about the rather dubious fiscal record Washington Democrats have amassed this year. The trillion-dollar “stimulus” spending bill, the $400 billion “omnibus” spending bill loaded with 9,000 unscrutinized earmarks, the $3.6 trillion budget, and the seemingly endless bailouts bankrolled by overburdened taxpayers. And what have families and small businesses gotten for these multi-trillion dollar investments? Aside from a hefty tab, not much. For example, the Administration promised that unemployment would not rise above eight percent if Congress passed its trillion-dollar “stimulus” spending bill. The bill is now law, yet unemployment tops nine percent, with the President now admitting that it’s likely to increase above 10 percent too. Where are the jobs? Is it any wonder why Americans are fed up with the borrowing and spending?

House Republicans proposed a better solution to create twice as many jobs as the Democrats’ “stimulus” bill promised at half the cost, as well as a budget alternative that would curb spending, create jobs by cutting taxes, and control the debt. Unfortunately, Democrats balked at both, choosing a go-it-alone approach that has plunged our nation into historic debt.

Now, as Democrats barrel ahead with a costly government takeover of health care – with a price tag of at least $1 trillion and an impact of at least 23 million Americans being kicked off their current health care plan – and a national energy tax on anyone who drives a car, buys an American-made product, or flips on a light switch, House Republicans are proposing better solutions once again. House Republicans yesterday outlined a health care reform plan to reduce costs, expand access, and increase the quality of care in a way that Americans can afford. And last week, they rolled out the American Energy Act to clean up the environment, reduce energy costs, and create more American jobs.

As Americans’ anxiety over spending deepens, will Democrats finally admit that their arrogant culture of spending, taxing, and borrowing cannot continue and work with Republicans on responsible plans to create jobs and control the deficit? Or will they continue marching forward with even more irresponsible plans that drown future generations in more red ink?

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