Let’s be honest about this stimulus package. Our new leaders have been in office for nearly a month, yet they’ve already managed to shuffle through nearly 1,100 pages of legislation and voted with an overwhelming majority. Sources say not one Congress member has read this entire booklet. Who would want to read 1,100 pages of lawyer talk? I surely wouldn’t, but I didn’t run for that job.
The legislative branch was designed so the people could elect “educated” officials to make decisions. The thought was that the common folk would not be knowledgeable enough to make important decisions. Apparently our lawmakers are no more than common folk who happen to get elected.
What scares me most is many of these men and women will get elected again.
For a president who promised a fully transparent administration, it is nothing less than astonishing that this 1,071-page, $800 billion stimulus bill was signed before a full vetting by the U.S. citizens who will be counted on to pay the bill.
Even cursory analysis, however, suggests that precious few of these dollars focus on immediate, truly stimulating economic recovery programs. Rather, hidden nuggets of failed liberal policies have found their way in, such as the Pelosi-Reid-Obama attempt to renew the welfare state. This bill rewards the states that increase their welfare rolls with federal dollars.
President Obama’s supporters argue that many of the initiatives supported in this bill are “shovel-ready.” We’ll need a shovel, all right. It’ll take a long time to dig ourselves out of the excrement provided in this pile of pork.
Have you read Obama’s plan to prevent foreclosures? I cannot believe some of the specifics in his package. Lenders will reduce monthly payments to no more than 38 percent of the homeowner’s income. Then we taxpayers would subsidize the payment down to 31 percent of income.
Who is subsidizing my house payment? I was responsible. I borrowed what I could afford. I bought a house I could afford. Guess I’m a fool. Next, if the homeowner pays his monthly payment, we taxpayers send a $1,000 check each year for up to five years to reduce the loan principal. I pay my mortgage every month, and no one is going to give me $1,000 of principal reduction for paying my legal obligation.
Why should any of us be responsible for our decisions? Buy whatever you want, and the taxpayers will bail you out. That’s the Obama way.
Robert H. Henn
I pay my bills, and my credit score is excellent. I have living costs and bills and pay them. What is in the stimulus package for me?
Do you have to be a loser to win in the Obama nation?
David L Davis