I’ll comment more on this later but here’s one gem from the article: “Democrats were quick to criticize the GOP proposal as little more than a way to help the wealthiest Americans at the expense of the rest of the country.”
Let me get this straight. Democrats criticize the Republicans for spending far less ($3.6 trillion less borrowed over 10 years) than the Democrat proposal by saying that the Republicans only want to help the wealthy. And what exactly is all of the deficit spending of the Democrats doing for anyone? Who’s going to pay for the all the spending? Just the wealthy? Not a chance; all Americans will be paying in some form or another. Democrats asked for an alternative plan (the Republicans, unlike the Democrats, actually took some time to craft their budget proposal. They took time to read it over and talk about it, unlike the Democrats who rushed their bill through so quickly no one had time to actually read the whole thing.) and their first reaction when a plan is presented is the stale, incorrect, and whiny “It only benefits the rich.”
Further, the result of the G20 summit is that the U.S. will spend an additional $400 billion or so to help shore up the international economy. We are spending money we don’t have. We need to stop this wasteful spending. While some may be necessary in order to help stabilize the economy, we need to take some time and figure out better ways to stabilize instead of just throwing as much money as we can at companies.