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All posts for the month February, 2010

Whenever I read an article that speaks of the unanimous (or near unanimous) Republican opposition to something that is proposed by President Obama I have to chuckle.

Why?

Because the media never mentions the unanimous (or near unanimous) Democrat support for the proposal.

And, to me, that is humorous. And absurd.

Let’s face it, when you are talking about one hundred or several hundred people discussing hot issues, it is very rare that there is 100% consensus on a given project, especially when one is dealing with a mix of conservatives, moderates and liberals.

Add to that the fact that the proposals are dealing with the economy, healthcare, and other major factors concerning Main Street USA and it is virtually guaranteed that there will be division amongst such a large group. Especially when the items under consideration are viewed as mostly liberal.

Do not forget that there was a group of moderate House Democrats who were not in favor of healthcare until earmarks were added (or whatever other secret deals transpired) and that the Senate only achieved their needed 60 votes with huge pork additions for a couple of holdout Democrats.

Thus, my chuckles whenever I see the phrase “near unanimous opposition” being voiced by the other party. Let us not forget the near unanimous support from the ruling party.A final point…those that point the finger at the opposition are thus declaring that everything being proposed is the greatest good for America.

And, that may not always be the case.

Over For now.

Main Street One

The $3.8 Trillion budget being presented to Congress calls for a deficit of $1.6 Trillion.

In other words, 42% of what is proposed to be spent is NOT covered by off-setting income.

And, according to the Associated Press, ”…administration officials argued that Obama inherited a deficit from President George W. Bush’s Republican administration that was already topping $1 trillion when he took office, and given the severity of the downturn, the president had to spend billions of dollars stabilizing the financial system and jump-start growth.”

It is true to President Obama did inherit a deficit topping a Trillion Dollars (remember, that is One Million times One Million), but that is not a reason to triple that amount in two years (i.e., a $1.4 Trillion gap this year and $1.6 Trillion in the coming year).

If anything, the inherited deficit should be a call to arms to get spending under control.

In all areas.

How will any future Main Street USA generation be able to cope with such massive debt?

Economics 101: Deficit spending does not reduce a deficit.

Over For Now.

Main Street One