Friday, March 20, 2009

A billion dollars an hour!

Here is another sobering way to look at the new Administration has been spending our money from Elaine Chao:

The Obama administration's zeal to not "waste a good crisis," as Secretary of State Hillary Clinton put it, has been stunning even for Washington insiders to behold. In the first 50 days of Barack Obama's presidency, Congress approved $1.2 trillion dollars in new spending, or $24 billion a day. That's $1 billion every hour. The national debt now is $11 trillion and climbing.

A billion dollars in new spending per hour.

Wow.

Yet people say that Obama is not a socialist. That is what he has done in less than two months and we still have 46 months more to go. Maybe we should encourgae him to spend more time on Leno and working on his NCAA brackets, he can cause less mischief that way.

2 comments:

Anonymous said...

I think we ought pay Obama and the entire Congress, 10 million dollars a year salary... tax free (apiece).

The catch is that they have to stay home and not write new laws and they can only meet for 1 day a year.

Could you imagine how much money we'd save and how free we would be?!

I think that was his Chief os Staff Rahm Emanuel that said that quote about "not wasting a good crisis".

Arthur Sido said...

Steve, actually both Rahm and Hillary made that statement within days of one another. That just proves it is the prevailing thought within the Administration.

I like your idea though, it would be way cheaper to pay them to stay home than to give them the nation's checkbook and credit card.