Interesting. From Fox News:
The Democrats say:
Joe Biden’s economic adviser Jared Bernstein said:
“What we do expect … <is> energy reform, health care reform, education, all done in the context of a budget that cuts the deficit in half over our first term.”
White House Council of Economic Advisers chairwoman Christina Romer said:
“we know that forecasts — both of what the economy is going to do and of what the budget deficits are going to do — are highly uncertain.”
<I am> “Incredibly confident. … We absolutely think that they are going to do the job for the American economy.”
The Republicans say:
Senator Judd Gregg said:
“The practical implications of this is bankruptcy for the United States. There’s no other way around it. If we maintain the proposals which are in this budget over the 10-year period that this budget covers, this country will go bankrupt. People will not buy our debt; our dollar will become devalued.”
Senator Susan Collins said:
“It would double the public debt in 5 years, triple it in 10 years. … That is not sustainable. It poses a threat to the basic health of our economy.”
The CBO (Congressional Budget Office) predicts:
“a deficit of $2.3 trillion worse than what the administration projected.”
My Opinion Is:
The Democrats have an agenda that includes social engineering as well as getting our economy back on track. They have a vested interest that diverges from the pure goal of saving our economy. Remember the phrase you keep hearing from them – “Never waste a good crisis“.
It appears to me that the Democrats are willing to gamble on the economy, knowing that once their social programs are installed it will be very difficult to remove them. Thus their headlong rush to push these programs through at any cost, disguised as ‘stimulus’.
Already they have pushed through massive programs without even giving the congress time to read the bills, claiming that the emergency wouldn’t wait a few days – yet the Porkulus does not seem to have had any immediate impact on the economy.
Many knowledgeable voices are saying that the current administration’s direction is dangerous and foolhardy that it would be wise to exercise caution. In point of fact, I think Obama’s budget will do more harm to the United States than any President has ever managed to do before.
We need to do what we can to stop Obama’s budget from passing. Write your congress-critters!