The Bankrupt the Nation Act of 2009, often erroneously called the “Stimulus” bill, fittingly passed on Friday the 13th.
In the House the vote was 246-183, and in the Senate 60-38. No Republicans voted for it in the House and in the Senate 3 RINOs (Republicans In Name Only) joined every last Democrat in voting for it. Here are some of the more, shall we say, interesting portions of the bill.
Although I think this is the worst spending bill ever to pass Congress, and though I am confident the results for our economic well-being will be disastrous, as the chart above indicates which details the budget deficit as a percent of gdp from 1965-2009 (The figure for 2009 is based on a Congressional Budget Office projection of a deficit of 1.2 trillion dollars. I think this is too low and the actual budget deficit will be between 1.6 and 2 trillion dollars.), yet I am glad it passed. The majority of voters in the last two election cycles made a conscious decision to hand unchecked power to the Democrats. So be it. They have the power and they have used it.
After the debacle of the Great Bailout Swindle of 2008, the Democrats, with great majorities in Congress and the Presidency, had the freedom to choose any economic and fiscal path they wished. This is the path they have chosen: give mountains of pork to the various special interests that support the Democrat party, assume an incredible amount of public debt, and smother the economic crisis by burying it in greenbacks. The Democrat party now deserves all the credit or the blame for the impact of this bill on our economy. The economy is their baby now.