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(NaturalNews) As the United States of America stands on the verge of irrecoverable bankruptcy, U.S. Senators have decided to orchestrate a final "blowout" spending spree by dressing up the financial bailout plan with so much bloated pork that no lawmaker can resist its lure. The so-called "rescue plan" (renamed from "bailout plan" by Washington language police) has now ballooned into a 450-page overstuffed pork sandwich, featuring layer upon layer of outlandish expenditures tied to the bill like too must ballast on a sinking ship:
• Tax breaks for NASCAR race tracks
• Big handouts to Virgin Island rum makers
• Yet more tax breaks for Hollywood film producers
• Gifts to companies researching wool
• Huge tax breaks for companies like Microsoft and GE
... and many other handouts yet to be discovered in its 450 pages of pork.
What began as a financial bailout bill to save the future of America's economy has become a free-for-all financial blowout that will only accelerate its demise. What's astonishing here is that even on the verge of financial collapse, Washington lawmakers are incapable of coming to their senses. They offer the same solution to every problem: Spend more!
"This is how Washington works,'' said Keith Ashdown, chief investigator at Taxpayers for Common Sense. "A big pot of pork is their recipe for final passage."
A big pot of porkA big pot of pork, unfortunately, is exactly what Washington doesn't need right now. With the jackals of hyperinflation already nipping at their heels, Washington policymakers need to be slashing spending with great expediency. To restore confidence to the U.S. dollar and prevent a cascading sell-off of U.S. debt by foreign nations (which would lead to the abrupt ruin of the U.S. government), lawmakers need to be reeling in wasteful spending, balancing their books and opposing the kind of free-for-all blowout spending practices that got us into this position in the first place.
Wasn't it a Bohemian financial policy of unbridled spending and endless debt that brought us to the precipice of global financial collapse in the first place? And yet, standing right on the edge of the cliff, with nothing but nothing but disaster beneath them and the sand eroding from under their feet, all these Senators can think of is how to spend more money!
It's like a heroin addict who decides to get clean, and then suggests the best way to accomplish that is to start shooting up. "I'll get clean," he promises you, "right after this next hit."
An Empire of Debt: $488 billion more for warU.S. lawmakers are addicted to spending in the worst way. Just like heroin addicts, they will get their fix at all costs, regardless of the harm caused to their family, friends or countrymen. They will spend away all the money in the world, mindlessly, recklessly, without a second thought, as long as it keeps them in office for just one more term. Just one more hit...
Last night, the U.S. Senate quietly passed a $600+ billion spending bill, which earmarked $448 billion in Pentagon funds (war money). This was all done under the cover of the much larger $700 billion financial bailout bill, which managed to keep people distracted from the $448 military spending bill.
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Friday, October 03, 2008
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