Subject: txt mny -
The ARRA (The American Recovery and Reinvestment Act of 2009) has become one of the spectacular failures of the Obama Administration and the Democratic Congress. The following are all direct quotes from the CBO (Congressional Budget Office) Directors Blog and Monthly Budget Review... [snip]
In summary, revenues are down $59 billion (11%) and spending is up $98 billion (13%) for the first quarter of fiscal 2010 as compared to 2009. Even before the passage of the $2.5 trillion healthcare bill, this Administration's willful disregard of basic economic principles is a lethal cocktail for the welfare of this country.
America's national security is ultimately tied to the health of the American economy. This Democratic Congress and Administration have purposely allowed our economic decline to accelerate. China, Russia, Iran and North Korea must be carefully pondering those once impossible questions about the fate of the United States of America.
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