Since taking office, President Obama has signed into law spending increases of nearly 25 percent for domestic government agencies - an 84 percent increase when you include the failed stimulus. All of this new government spending was sold as 'investment.'
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Increased government spending can provide a temporary stimulus to demand and output but in the longer run higher levels of government spending crowd out private investment or require higher taxes that weaken growth by reducing incentives to save, invest, innovate, and work.
quote by Martin Feldstein
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It is being alleged that the Federal Government is 'cutting' spending. In fact, we are not 'cutting' anything. Defense spending under this budget would rise by 4.3 percent over last year. Other discretionary spending would also rise.
quote by Craig L. Thomas
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Domestic discretionary spending on education and health care and the environment has been growing at 2 to 3 percent a year. He says we have to rein it in, but he ignores the spending category that is the big spike in the budget.
quote by John Spratt
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Mr. Obama plans to boost federal spending 25 percent while nearly tripling the national debt over 10 years. Americans know that this kind of spending will have economic consequences, including new taxes being imposed by the new progressives.
We believe you will not have to pay more than the current rate structure proposes - which is, for 50 percent of the public, nothing; for another 25 percent, only a 10 percent increase; and for the remaining 25 percent, a 34 percent increase.
quote by Gray Davis
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After the $700 billion bailout, the trillion-dollar stimulus, and the massive budget bill with over 9,000 earmarks, many of you implored Washington to please stop spending money we don't have. But, instead of cutting, we saw an unprecedented explosion of government spending and debt, unlike anything we have seen in the history of our country.
quote by Michele Bachmann
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To reduce deficit spending and our enormous debt, you reign in spending. You cut the budget. You don't take more from the private sector and grow government with it. And that's exactly what Obama has in mind with this expiration of Bush tax cuts proposal of his.
quote by Sarah Palin
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I do not intend to dispute in any way the need for defence cuts and the need for government spending cuts in general. I do not share a not in my backyard approach to government spending reductions.
quote by Stephen Harper
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Spending on programs such as national defense and funding the operating budgets of all federal agencies represent only 39 percent of our yearly budget, an all-time low.
quote by Paul Gillmor
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We are shrinking the size of the federal government as a percent of our economy from over 21 percent of the economy to 19 percent of the economy. At the same time, we're growing the private economy.
quote by Franklin Raines
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I mean, the Obama position has been, 'We think government ought to be spending this money, not the people who earn it.'
quote by Eric Cantor
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I have a record as governor. I have a record of cutting spending. And I talked yesterday not only about we ought to cut spending, I talked about how we've cut spending in Mississippi and how if you did the same things in the federal government, you would save tens of billions of dollars a year.
quote by Haley Barbour
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The death tax destroys family businesses and stifles investment that leads to increases in jobs and personal income. As a result, 70 percent of family-owned businesses are not passed on to the next generation and 87 percent do not make it to the third generation.
quote by Jennifer Dunn
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What do you think a stimulus is? It's spending - that's the whole point! Seriously.
quote by Barack Obama
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And it was back in the mid-1980s, and as I point out in a piece, that was when we are spending about eight percent of our gross domestic product on health care. And even then, we had the impression that so much of the excessive, aggressive medical treatment that took place at the end of life was not only unnecessary but it was cruel.
quote by Richard Dooling
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I continue to vote against such spending increases, but sometimes I think some of my Republican colleagues forgot that we were sent here to shrink the federal government, not to grow it.
quote by Jeff Miller
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Government does not have a revenue problem; government has a spending problem. Government does not have a revenue problem; government has a priority problem. It is time that we begin to fine tune our focus and decide what the priority of government ought to be.
quote by Marsha Blackburn
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The Revenge of the 47 Percent
In politics, it is acceptable to fight back with the ballot.
This long awaited election is about people with a lot
Versus the hardworking middle- class, which strives
Every day to earn a living, and to improve their lives.
The 47 percent is a powerful force made of retirees,
Veterans of the armed forces, recently graduate students,
Teachers, full and part-time workers, factory employees,
Health workers, paraprofessionals, and civil servants.
The list is infinitesimal, that's what makes this voting block
So potent and important. The next election will serve as a test,
For this true melting pot, which has the strength to move the rock,
In favor of Barack H. Obama, the one and only, and the best.
The best person who can lead and move this country forward.
Barack has proven himself in the last four years, despite
And in spite of the mess that he has inherited. The kite
Will only fly higher with his effective leadership, not downward.
The 47 percent will, without a doubt, fight back,
The 47 percent will vote, en masse, for Barack,
Because Obama is a very smart and savvy President,
Who cares for all, for the 99 percent, and also for the 1 percent.
poem by Hebert Logerie
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The real goal should be reduced government spending, rather than balanced budgets achieved by ever rising tax rates to cover ever rising spending.
quote by Thomas Sowell
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Every American knows there are government expenses that are absolutely not necessary. I disagree with the very idea that our government is spending $2.4 trillion in the most efficient manner.
quote by Jeff Miller
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