The U.S. House approved another bureaucratic bailout Wednesday, a $154 billion spending plan that would pour more money into the same state and local government sinkholes that received the lion’s share of the $787 billion bureaucratic bailout (sorry … “stimulus”) that passed back in February.
“We’re trying to bail out our people,” said Ways and Means Committee Chairman Charlie Rangel (D-New York). “We’re trying to restore the hope and confidence they had, we’re trying to keep kids in school, we’re trying to put food on their table.”
Blah blah blah blah blah blah blah.
Aside from the fact that Rangel is a friggin’ socialist agitator with a litany of tax evasion issues that would have landed most Americans in jail, this latest bailout idea is – as we noted last week – terrible public policy.
After failing miserably to stimulate the economy by growing government at previously unheard of levels, President Barack Obama and his Congressional allies now want to grow government some more – apparently oblivious to the fact that the nation is facing an unprecedented $1.5 trillion deficit and $12.1 trillion debt.
As for the South Carolina delegation, Republican Reps. Gresham Barrett, Henry Brown, Bob Inglis and Addison Graves “Joe” Wilson all voted against this bailout – votes which stand in contrast to their support of the inaugural TARP bailout in October 2008 (a.k.a. the vote that set America down this slippery slope of government interventionism).
Meanwhile, democratic Reps. Jim Clyburn and John Spratt voted in favor of the latest bailout.
The vote passed the U.S. House by a narrow 217-212 margin – with 38 Democrats opposing it. By contrast, the $787 billion bailout passed back in February cleared the House by a much wider 244-188 margin.
That’s a sign that at least a few lawmakers are beginning to listen to the voices of the American public.
Or a sign that alleged threats from the democratic leadership are preserving an increasingly tenuous Socialist majority in the House of Representatives.
WEB EXTRA
By laney December 17, 2009 at 11:09 am
Wonder how many more millions will be spent on Hillary’s debts?
By countryboy December 17, 2009 at 1:18 pm
I just hate it for my children and grand-children. I am old enough that I may not even make the next depression (not recession) that is coming the way the government is printing and spending money we don’t have. For the most part the populace was docile during the great depression. That won’t be the case in the next one. Wouldn’t want to live near a large city when it happens. Small towns will be bad enough. Which is why sales of guns and ammo at are a record pace………
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By Elmer December 18, 2009 at 9:30 am
If you want to bailout the people- the taxpayers, who afterall are why we have a federal government in the first place , why not just print money and give it directly to us?
787 billion dollars divided by our population of 300 million people equals $2,623 dollars for every man, woman and child in the United States.
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