The Shocking Facts About the New Bailout Bill

Do you know the shocking facts about what THEY want to do with OUR tax dollars, all in the name of a bailout bill? Read the info and then let your congressman and senators know how you feel as soon as possible.

From the new AskHeritage site:

AS PRESIDENT OBAMA settles into his new office, it is imperative that we encourage him and Congress to exercise prudence when attempting to rescue the economy. Massive deficit spending will only throw our country further into economic shambles, as the current stimulus and SCHIP bills do little more than increase our debt and healthcare costs. Consider the following issues with the "stimulus" bill:

1) The $825 billion bill would dump $10,520 of new debt per household into the laps of our children and grandchildren. The interest on this debt ($347 billion) will dump even more.

2) Under the stimulus, new groups of children and adults would be eligible for Medicaid, the welfare program for the poor which is already going broke. These expansions are on top of spending $89 billion to bailout the failing state Medicaid programs.

3) The current "stimulus" bill will be the largest spending bill ever enacted by Congress, making the New Deal look small, accounting for inflation.

4) President Obama anticipates that spending over $800 billion will create 3.7 million new jobs. That means each job will cost more than $200,000, which is roughly equivalent to 5 times what the average American worker earns!

5) The bill is full of wasteful spending, including $21 million on new sod for the National Mall in Washington, $600 million on cars for government bureaucrats, and $650 million for digital television converters.

Read more, if you dare. And be sure to take ACTION by letting your representatives in Washington know how you feel about their use of our tax dollars.

Oh, and by the way, do you know that the defense budget is going to get cut? All those billions of dollars being thrown around and there’s nothing for defense spending? The Pentagon has been told to cut their 2010 budget by 10 percent – and that's for starters.

I’m amazed at how one single election could let loose such a scandalous swarm of insanity in Washington – but on the other hand, look at the politics of the people who were elected. Are these people connected with reality?

I guess the War on Terror is over. Is it now time for us all to join hands and sing Kumbaya?

More later.