Feeding The Laviathan

By Dave

Veronique de Rugy & Alex bring to light why the Dem leadership is now pushing the urgancy of the Omnibus spending bill.  It’s because it “stuffs the monster”.

The omnibus would provide $410 billion in discretionary spending. That’s $31 billion (or 8 percent) more than the amount contained in the FY2008 versions of these nine appropriations bills, and it’s $19 billion more than Pres. Bush requested for FY2009. Agriculture is scheduled to get $20 billion in spending — $2 billion more than Bush’s request — after getting $26 billion from the stimulus. In fact, according to Sen. Tom Coburn (R., Okla.), if the omnibus bill goes through, most federal agencies would get a 50 percent to 80 percent funding boost between 2009 and 2010, if you include the stimulus funds.

Of course the stimulus part is supposed to be “temporary.”  Balls, I say.  Balls!


The information on this site is not intended as individualized investment advice and all investment decisions by a reader must in all cases be made by the reader either individually or together with his/her investment professional. The views expressed in articles appearing on this site are solely those of Dave Budge and should not be attributed to any other person or entity except where expressly stated.
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One Response to “Feeding The Laviathan”

  1. I suppose if you are going to hire a lot of people you need more money to pay them, right?

    #209365

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The information on this site is not intended as individualized investment advice and all investment decisions by a reader must in all cases be made by the reader either individually or together with his/her investment professional. The views expressed in articles appearing on this site are solely those of Dave Budge and should not be attributed to any other person or entity except where expressly stated.