Sunday, June 28, 2009

Tax and Spend Doesn't Work When People Are Out Of Work

clipped from www.foxnews.com

Americans Increasingly Skeptical of Obama's Pledge of Fiscal Discipline as Deficit Grows

- A New York Times/CBS News
poll shows 60 percent of Americans do not believe the president has a strategy to reduce the deficit.

- A Wall Street
Journal/NBC poll says 58 percent of Americans want the president to make controlling the deficit a higher priority than a
speedy economic recovery.

  • $38 billion for the State Children's Health Insurance Program Reauthorization between
    2010 and 2019
  • $787 billion fiscal stimulus bill
  • $75 billion homeowner stability program
  • $125 billion
    "place holder" of additional financial stabilization funds (if needed)
  • $22 billion for Cap and Trade program in 2020
  • "All the rhetoric and all the happy noises that can come out of Washington cannot disguise or replace the higher interest
    rates that we're going to be facing
    at some point the markets are going to insist on serious fiscal responsibility and Washington
    will not be able to talk its way out of that
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