Over the past 12 months we have seen unfettered spending out of Washington D.C.. The reasoning for the fiscal recklessness has been attributed to the declining economy. The “drunken sailors” in our nation’s capital believe that the best way to stave off a recession is to spend our tax dollars on a myriad of government programs to spur economic recovery. They have bought into this misguided notion to the point of quadrupling our budget deficit, but yet our economy still lags. They have bailed out banks, automobile manufacturers, and labor unions. They have spent more than $1.5 trillion dollars over and above any budgetary spending and have proposed spending another $4 trillion in next year’s budget along with at least another $1 trillion in deficit spending.

Along with their disastrous economic policies, the politicians are trying to further hamstring our economy with an ill-advised “Cap and Trade” plan. The plan will in effect cause the price of energy, which is your gas and/or electric bill for the government Kool-Aid drinkers, to skyrocket. Not only will your energy bill dramatically increase, but also the cost of virtually every product or service that you currently buy. To put it simply, after you spend more money to heat/cool and light your house, you will have to spend more to buy food, drive to pick up the food, and clean up after your food is consumed. The House of Representatives passed this bill with an overwhelming public outcry against it.

The self-proclaimed smartest people in the world are trying to pass a “Health Care Reform” bill that will bankrupt private insurance, raise all of our health care costs, decrease the quality of health care, and help struggling labor union’s retirement accounts. Again they press on in the face of overwhelming public opposition. 

The American public has grown weary of politicians who pass legislation without reading the bill, which they did for a massive stimulus bill passed earlier this year. The voters have educated themselves on what the legislation actually says and have begun to demand answers from their elected representatives. Recent polls by Rasmussen Reports shows that 57% of voters would like to replace every member of both houses of Congress, while 42% of those polled believe that just randomly picking names out of the phone book would be more productive than the current Congress. Public opinion is showing that very few members of Congress, regardless to which political party they belong, are safe in their re-election bids next year. Those numbers will drop even further if Congress passes their freedom limiting Health Care bill.

President Barack Obama has decided that all of this reckless spending has to stop. He has told Congress that they must now cut $1 from somewhere else in the budget for every $1 that they spend. The concept is not an original idea; in 2006 the Democrats gained control of Congress with promises to turn the tide of Republican spending. They promised to never introduce a spending measure without a means to pay for it. Of course, in the 2 years following their takeover of Congress they simply ignored their own rules. They added $398 billion in deficit spending without any concern for being seen as hypocritical.

For a bit of perspective, $398 billion is a mere drop in the bucket when compared to the $1 trillion forecasted by the Congressional Budget Office to be added to the deficit spending for every year for the next decade. Of course, the President added a few caveats to his “pay-go” requirement. He conveniently provided an exception for his health care reform spending which has been forecasted to cost the taxpayers at least another $1 trillion in deficit spending. To make matters worse, Obama warns that now is the only time to pass health care reform. He is trying to gin up fear to provide pressure on Congress to pass yet another disastrous spending measure. At this point with nearly $12 trillion in projected deficit spending over the next 10 years, why should we care about spending an additional $1 trillion of money we don’t have?

Back in February, after President Obama and the Democratic majority in Congress passed the $787 billion stimulus bill, we were told no to worry about massive fraud and waste because they government was going to closely monitor where the money was going. Vice President Joe Biden even went out and threatened the local and state government officials that if they spent the stimulus money unwisely, he would personally go out and name names of the wasteful spenders. We were assured that the government would set up a website so that we could check for ourselves where the money was going. Shockingly, the truth is that the government has no clue as to where the money is going and the elected representatives who signed the check don’t seem to care.

This week the House subcommittee tasked with oversight of the massive amounts of money hemorrhaging from the Treasury Department, held a hearing to get an update on the progress of the website and other tracking methods. The chairman of the Recovery Act Accountability and Transparency Board, Earl Devaney, told the panel that the website is not ready and probably will not be ready until maybe next year. One would think that this news would raise some eyebrows of the Congressman on the panel, but unfortunately the most of the members decide dthat it was not important to even show up for the hearing. Of the 10 members only 3 showed up in the beginning, with 1 other member showing up late. I suppose that this should not be surprising, especially when you consider that no one in either chamber of Congress actually read the “stimulus” bill before voting on it.

At least we can count on the President to follow through on his promise of going through the federal budget line by line to find areas to cut the spending. This week the President did come out and announce his proposed budget cuts from his $3.55 trillion budget. He plans to make more than 100 cuts in his budget that will save the taxpayers $17 billion. To put it in perspective, if the federal budget were just $355, the President’s cuts would equate to $0.17. How excited would you be if you were buying a new TV and the salesman told you that he could save you 17 cents? Obama’s proposed budget cuts out of his budget amount to less than .5% of his total budget proposal. Do you feel that the government is effectively watching out for your hard earned money?

As I begin to write this week’s article, I can already hear the cacophonous cries from my left leaning friends that we just need to give the new President a chance, a chance for his policies to work, a chance for him to show the world how he will lead. After all, he has only been in office about 45 days. How could we possibly know what direction he will take our country?

If we look at what he has accomplished over the past 45 days it provides part of the picture. He has pushed through an earmark laden $800 billion “stimulus” package, all the while claiming that there were no earmarks in the bill. He has nominated several tax cheats to high-level cabinet positions, including the current Treasury Secretary. His administration has attacked members of the media who have questioned his policies. They have thrown money at virtually every area of government with the promise that this will fix the economy, while claiming that they will control spending.

If we examine what he has proposed the picture becomes a bit clearer. He has proposed the largest increase in spending in the form of a federal budget at the cost of $4 trillion. He is proposing a government take over of the health care system. He is proposing drastic cuts in funding for our military and the research programs that help keep them alive. He has proposed to end the development of any type of missile defense system to prod Russia into working to end Iran’s nuclear ambitions; after all, Vladimir Putin is exuding honor and trust. 

Finally an inspection of the results of his accomplishments and proposals will bring the entire picture into focus. The President has said that he does not pay any attention to the “gyrations” of the stock market. His belief is that it is akin to a daily tracking poll. If that is the case, a drop of more than 33% since the election should show weakening confidence in his administration’s ability to lead us out of this recession. I know he has only been in office since January, but investors are not going to invest in the stock market if they are not confident that the government will stay out of the way of the private sector. Every company that the government has “bailed” out is doing worse now than before the government opened their coffers to “help”. Citibank, GM, and AIG, to name but a few, have all seen a continual slide since the government stepped in to help. Obama and his team believe that we need to continue down the same failed road.

In the past 45 days, Obama has shown his true liberal colors in the form of spending like a drunken sailor on a 24-hour shore liberty. Along the way he has even managed to disrespect our closest ally. When a foreign leader visits the White House for the first time after a new President is inaugurated, the 2 leaders exchange gifts that portray a mutual respect. When British Prime Minister Gordon Brown visited the White House, he brought with him a first edition biography of Winston Churchill and a penholder made from the timbers of the HMS Resolute, the same timbers from which the desk in the Oval Office was made. Obama’s gift to Brown was a set of 25 DVD’s of Classic movies. This is on top of returning a bust of Winston Churchill that was presented to President Bush by the British government after the September 11 attacks in 2001.

It has been a fast and furious 6 weeks since the transition of power took place and the pace at which the new administration has spent taxpayer money and destroyed wealth has taken many by surprise. Now that the true socialist colors have been shown, many of his one-time supporters are starting to protest.   The question is, will there be any economy to turn around by the time the full effect of the failure of his policies is known?

Earlier this week, President Obama addressed both chambers of Congress to discuss the economy and his plans for the coming years of his administration. During his speech and throughout his campaign, the President promised to end the era of earmarks and deficit spending. He went as far to promise to go line by line through any spending measure and publicize all earmark spending and which congressman had requested it. Just one month into his administration, we have seen massive pork barrel spending and non-stop “the sky is falling” rhetoric.

The ink from President Obama’s pen had not had time to dry on the $800 billion “stimulus” bill, before House Speaker Nancy Pelosi pushed through another $400 billion spending bill. The newest spending bill from Congress contains more than 8000 earmarks. This is on top of the countless earmarks in the “stimulus” bill. The new administration and Congress have signed on to spend more than $1.2 trillion in the first 30 days since the Inauguration. To put that into perspective, that is more than half of the federal budget for 2004, or almost half of what the federal government received in tax revenue for all of 2008. We are more than $1.2 trillion more in debt and we are not even into March yet. Of course, Obama’s breathless supporters in the media would tell us to wait until his budget comes out to see where he has made the cuts to pay for the massive deficit spending, but his budget calls for a more than $1 trillion increase in spending over this years’ budget.

The President has released his budget proposal and it totals over $4 trillion, with about $1.75 trillion in projected deficit spending. This is the largest increase in federal spending in our history. In 2008 the federal budget was a paltry, by comparison, $2.978 trillion with total revenue received at $2.523 trillion. That budget had about $450 billion in deficit spending, but to jump to $1.75 trillion in deficit spending and then claim that you are going to control spending is laughable.

The $4,000,000,000,000.00 budget includes tax increases for those making more than $250,000. My friends in the class envy camp applaud this notion of taxing the rich, but they fail to see that a majority of small businesses will now see tax increases. Allow me to ask one simple question. How will your life improve if some nameless “rich” person is taxed more? The Bill Gates and George Soros’ of the world will not pay any more in taxes; they will simply shift their money around to avoid the taxes. The small business owners are the ones that will bear the brunt of the tax increase. After this plan fails to raise the revenue that the “experts” in Washington project, they will be forced to either raise taxes on the rest of us, after all it is the patriotic thing to do, or hopefully they will see the error of their ways and cut taxes across the board. This budget is equivalent to $11,833 for every American.