Washington Gone Wild – Democrats Spending Two Dollars for Every Dollar They Get

By Rod Pennington

Federal revenues for July totaled $155.55 billion while those wild and crazy guys in Washington spent $320.59 billion.  The deficit for the first 10 months of the government’s fiscal year is $1,169,000,000,000. This means the Democrats have added more to the deficit in 10 months then President Ronald Reagan did in either of his two terms.
To prove the Democrats are serious about spending, Speaker of the House Nancy Pelosi (D-CA) called an emergency session to deal with the issue. Wanting to keep the streak alive of 22 straight months where spending exceeded revenues, the House authorize an additional $26,000,000,000 in cash to protect the jobs of the Democrats most loyal and generous political donor; teachers and public employees. (SEE: Why a Teacher’s Job is More Important to Democrats than Your’s)

The Democrats, led by Speaker Pelosi and Senate Majority Leader Harry Reid (D-NV) are spending money like there is no tomorrow. If the recent polls are to be believed, for many Democrats that will likely be true. Come November, many of them will be looking for new jobs.

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Posted by The Editors on Aug 12 2010. Filed under News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry