March 3, 2009
Posted: 03:29 PM ET
By actor and commentator Chuck Norris
Ronald Reagan was right when he said: "Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it."
The next stage of out-of-control government spending started when George W. Bush bailed out Wall Street with $700 billion (new debt No. 1). But Congress didn't learn from that failure, and apparently, neither did Barack Obama. So the newly elected president pushed for the next stimulus bill (debt No. 2), this one for $787 billion.
But that wasn't enough, either, so the recent $410 billion omnibus spending bill (with 9,000 earmarks - 60 percent originating with Democrats and 40 percent with Republicans) is being railroaded through Congress to keep government moving until September (debt No. 3).
And then Obama informed us last week that another $634 billion is required for a down payment on universal health care. Before there's a plan, there's already a payment (debt No. 4).
Filed under: Obama
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