Would someone please explain to me where this thinking came from that we can spend our way out of debt?
Who in their right mind would think that would work? I mean are these people completely stupid?
>> are these people completely stupid? <<
No, they are not stupid. Thay know EXACTLY what they are doing. That’s what scares the crap out of me.
Whats in this bill? Aside from about $55 billion in unemployment benefit extensions, the bill includes:
* $65 billion in Medicare physician payments the so-called doc fix that Democrats left out of ObamaCare so that it could be officially scored as a deficit-reducing act rather than a deficit-ballooning one;
* $24 billion in Medicaid funding for states so that they can keep up with the unfunded mandates they already faced, much less the additional ones that will flow from ObamaCare;
* $1 billion for summer jobs for 16- to 24-year-olds, which effectively is an admission from the feds that the market couldnt support the minimum wage increases forced upon employers starting in 2007 (the unemployment rate for this age group has hit 25 percent);
* corporate subsidies for recipients including, according to The Wall Street Journal, municipal bond traders, cotton farmers, yarn producers, sheep growers, Hawaiian sugar cane cooperatives, motor sports businesses, renewable energy firms, the steel lobby, and so on.