Tuesday, August 31, 2010

Grijalva: Wrong Again on Spending

For months, Raul Grijalva has poo-pooed criticism of his party for massive partisan spending on the stimulus, saying:
"Bringing the troops home is necessary not just for the future of Iraq, but also for the people of the United States. We must stop the hemorrhaging of tax dollars that could go to meet our Nation's vital domestic needs."
Now statistics from the Congressional Budget Office tell the real story. While Dems have complained about the cost of the Iraq War and Bush administration spending, real figures show that military spending is but a trickle compared to Obama's "War on Americans." Furthermore, contrary to Grijalva's claim that spending under Bush increased, CBO figures show budget decreased up to the bank bailouts of '08 (including the "summer stimulus of '08 where every taxpayer received a check from the IRS). All that domestic spending in '08 (supported, and approved by the Democratic controlled Congress) amounts to a quarter of Democratic spending in '09 (and guess what, most of the banking bailouts were spent last year also). So with all this spending, shouldn't the economy be recovering? No, because spending by itself doesn't bring long-term impact on the economy; confidence does. The American business has no confidence in this Congress or this president. Bring Grijalva home:

How many times will this Congress waste time on an issue that a majority of Americans do not want?
Raul Grijalva

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