Sunday, June 13, 2010

Obama $50 billion for State Local Aid: Pelosi Hecklers Get Paid

Nancy Pelosi was relentlessly heckled in a recent speech. The hecklers were members of her usually adoring choir.  This time, her minions were unhappy with her. They wanted more state aid to fund her massive programs. It appears her own personal knight in shining armor, Barack Obama, has rushed to her aid and on Saturday (yes, on Saturday) asked Congress for a fast $50 BILLION for what he sees as "emergency aid." The emergency is placating Nancy Pelosi's voters. See a video below.

Projected Deficits and Debt Increases
2010 Budget (OMB) & CBO Historical Data

The Washington Post says Obama is "pleading:"
President Obama urged reluctant lawmakers Saturday to quickly approve nearly $50 Billion in emergency aid to state and local governments, saying the money is needed to avoid "massive layoffs of teachers, police and firefighters" and to support the still-fragile economic recovery.
In a letter to congressional leaders, Obama defended last year's huge economic stimulus package, saying it helped break the economy's free fall, but argued that more spending is urgent and unavoidable. "We must take these emergency measures," he wrote in an appeal aimed primarily at members of his own party.
Remember all those teacher and police jobs Obama's stimulus saved? Apparently, we are asked to save them again,  because...the money was sent...but didn't save anything.

House Minority Leader, John Boehner (R-OH) said he was at the White House on Thursday and there was no mention of a $50 Billion bombshell hitting the American people. He also reminds that there is no budget out of the House this year.
But House Majority Leader Steny Hoyer (D-Md.) argued the president wants to use money already approved in the stimulus act to fund struggling state budgets. 
“The money that has already been appropriated in the Recovery Act, that has not been spent could be spent now,” Hoyer responded. “We can’t stimulate and depress at the same time. 
If the money is already tagged and approved for state aid, why is Obama asking for it? Something smells like dead fish:
White House chief of staff Rahm Emmanuel has said that the administration wants to both cut spending and stimulate the economy in the coming months. 
If Obama can accomplish this, with much of Congress up for re-election in November, then he is a wizard...or Congress is as more corrupt than we can begin to comprehend. But from a Democrat point-of-view, outraging moderate Democrats, Independents and Conservatives may be preferable to standing on principle against Unions. A note about the graphic above: without a Federal Budget, the CBO can hardly project debt or deficits on a downward path. Related information on Deficits and Debt at Seeking Alpha.

John Boehner on Obama's $50 Billion Bombshell

Linked by The Lonely Conservative - Thanks Karen!

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