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Title: Bennet Bombshell: Trillions in Debt, ‘Nothing to Show for It’ (Dems admit stimulus, bailouts an unmitigated disaster)
Source:
NRO
URL Source: http://www.nationalreview.com/battl ... thing-show-it-michael-sandoval
Published: Aug 25, 2010
Author: Michael Sandoval
Post Date: 2010-08-25 15:34:49 by Nebuchadnezzar
Keywords: None
Views: 7240
Comments: 10
Bennet Bombshell: Trillions in Debt, ‘Nothing to Show for It’ August 25, 2010 5:15 A.M. By Michael Sandoval Sen. Michael Bennet’s recent appearance in Greeley, Colorado is sure to set political tongues wagging–Bennet is quoted as saying that though trillions of dollars of Federal debt has been incurred through spending since he was appointed to the Senate in January of 2009, “we have nothing to show for it”: Michael Bennet, D-Colo,at a town hall meeting in Greeley last Saturday, Aug 21 said we had nothing to show for the debt incurred by the stimulus package and other expenditures calling the recession the worst since the Great Depression. [...] Regarding spending during his time in office he said, “We have managed to acquire $13 trillion of debt on our balance sheet” and, “in my view we have nothing to show for it.” Speaking of the debt, he said our debt almost equals the economy. Regarding the current job situation, Bennet said the situation has been dire for over a decade saying, “We have created no net new jobs in the United States since 1998” which were the last two years of the Clinton administration. Pointing to a slide showing budget expenditures, he said that currently 65 percent of the budget was for social security, Medicaid and Medicare expenditures and that we could not grow our way out of debt. Regarding the expiration of the Bush tax cuts Bennet would not commit to a position on whether to extend them simply saying, “I hope we look at it comprehensively.” When asked about a recent report showing that government employees make more than their private sector counterparts said, “This is a time when we need to restrain wages in the public sector.” He said we need to make sure “our wages are not growing faster than inflation or faster than our growth.” Bennet also received a question about whether he would support card check and declined to give a firm answer saying, “I have not been a sponsor of the employee free choice act and the bill as written will not come to the floor to a vote.” He also said, “I believe strongly in the right of workers to collectively bargain and organize free from intimidation.” [emphasis added] The Greeley Tribune’s quote is identical, adding a laundry list of things that Bennet feels have not been “invested in” adequately (the $787 billion American Recovery and Reinvestment Act apparently notwithstanding): “We have managed to acquire $13 trillion of debt on our balance sheet,” he said. “In my view we have nothing to show for it. We haven’t invested in our roads, our bridges, our waste-water systems, our sewer systems. We haven’t even maintained the assets that our parents and grandparents built for us.” Bennet’s votes, in support of President Obama’s spending plans–including ARRA, have resulted in billions of dollars spent per day, and trillions of dollars of new debt. But even $10 billion in the most recent “edujobs” bailout may have no readily discernible impact on Colorado schools, despite the projections made by Bennet. Poster Comment: Unlike the intellectually dishonest DNC hacks here on Libertyflame, there are **SOME** Democrats who can admit they are wrong. Btw, this basically puts the stake through the heart of everything Obama has done.
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#1. To: Nebuchadnezzar (#0)
(Edited)
So even though it's clear that he's talking about the period from 1998 which includes 8 years of Boy Blunder, it's ALL Obama's fault?
He's talking to you guys (laughing)
Obama's first all-by-his-lonesome budget, btw, calls for a $1.17 trillion deficit.
Irrelevant. You said the stimulus was a great success-he's refuting you. It appears you're all by your lonesome in defending the stimulus.
Clinton and Cuomo are the true bandits who lit the fuse to this economic crisis we're now in. All in the name of getting more minorities in houses: http://libertysflame.com/cgi-bin/readart.cgi?ArtNum=12554
Your own chart supports the stimulus.
Again, it continually seems that folks like yourself are bothered that the unemployment rate isn't higher than it already is.
And just about the "stimulus" bill... rabid dog isn't out in left field... he's orbiting Uranus (and getting excited about it).
Sorry 17% (or 22% if you go by shadowstats.com) is plenty high. Many of us are sick of the bullshit lies that you swallow and regurgitate each day.
Clinton and Cuomo are the true bandits who lit the fuse to this economic crisis we're now in. All in the name of getting more minorities in houses: http://libertysflame.com/cgi-bin/readart.cgi?ArtNum=12554
So your retort to CBO is "Liar liar pants on fire!!!" Sweet... That';s going to be my response to you from now on. Liar liar pants on fire!!!
Sweet... That';s going to be my response to you from now on. Liar liar pants on fire!!! Okay, sink to 4th grade, Eric.
Clinton and Cuomo are the true bandits who lit the fuse to this economic crisis we're now in. All in the name of getting more minorities in houses: http://libertysflame.com/cgi-bin/readart.cgi?ArtNum=12554
I'm following YOUR lead. What evidence do you have that CBO's numbers aren't real?
Btw, this basically puts the stake through the heart of everything Obama has done.
#2. To: Nebuchadnezzar, GO65, Brian S (#0)
Poster Comment: Unlike the intellectually dishonest DNC hacks here on Libertyflame, there are **SOME** Democrats who can admit they are wrong.
#3. To: war (#1)
So even though it's clear that he's talking about the period from 1998 which includes 8 years of Boy Blunder, it's ALL Obama's fault?
#4. To: Nebuchadnezzar (#3)
You said the stimulus was a great success-he's refuting you.
#5. To: Nebuchadnezzar (#0)
President Obama's much-maligned economic stimulus package added as many as 3.3 million jobs to the economy during the second quarter of this year, and may have prevented the nation from lapsing back into recession, according to a report released Tuesday by the non-partisan Congressional Budget Office. 8/24/10
And the Conservative plan to create jobs is......?????
#6. To: Nebuchadnezzar (#3)
It appears you're all by your lonesome in defending the stimulus.
Mad dog gets "calibrated..."
#7. To: go65 (#5)
Again, it continually seems that folks like yourself are bothered that the unemployment rate isn't higher than it already is.
#8. To: Nebuchadnezzar (#7)
#9. To: war (#8)
So your retort to CBO is "Liar liar pants on fire!!!"
#10. To: Nebuchadnezzar (#9)
(Edited)
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