Friday, January 30, 2009

The Budget Explosion


The chart shown here is a summary of the HR1 Budget for added spending to the amount of almost $900 billion. Several interesting observations. This does NOT include the $80 Billion going to the States! Those payments almost dwarf everything else. Instead of the States curtailing expenses this Budget which is atop of the already bloated budget sends almost half a Trillion to the States. Yet one may ask which States? California Yes, Texas NO! Fair, unlikely! Also there is $250 Billion in Other which is mostly PORK and $210 billion in Tax impact most of which is income redistribution. Anyone who is interested in this MUST read through the CBO HR1 Report issued 25 January 2009. This will establish a tremendous potential for financial collapse of this country! Also just look at the timing. There is only $30 billion for infrastructure spread out over 10 years! As they say, you just can't make this up!