CBO Stinks Up Democrats Pork Plan...and more

The Congressional Budget Office offered their take on the Democrat pork plan designed to infuse a trillion dollars into Democratic special interest projects and the opinion is less than favorable. The long term prognosis for this spending bill is not good according to the CBO.

President Obama's economic recovery package will actually hurt the economy more in the long run than if he were to do nothing, the nonpartisan Congressional Budget Office said Wednesday. 

CBO, the official scorekeepers for legislation, said the House and Senate bills will help in the short term but result in so much government debt that within a few years they would crowd out private investment, actually leading to a lower Gross Domestic Product over the next 10 years than if the government had done nothing.

CBOs basic assumption is that, in the long run, each dollar of additional debt crowds out about a third of a dollars worth of private domestic capital, CBO said in its letter.

BO pledged to work across the aisle and bring anew to Washington a style of governing, but in his brief two weeks as President he has lost control of the governing process; Nancy Pelosi has taken over and is in charge. Bipartisanship is nothing more than a sparkling ideal for Obama and a sidebar distraction for her.

“Washington seems consumed in the process argument of bipartisanship, when the rest of the country says they need this bill,” the California Democrat said, seeming to sweep aside the Obama administration initial desire to have broad GOP support for the plan.

Whoa, Nancy Pelosi clearly shows she is out of touch with the public by making that statement. There is no overwhelming desire for this rotting piece of pork in its current form and most people want bipartisan support. The majority of people would like to see changes to this aggrandized plan, which is nothing more than Democrat's map to re-election, while the public is really concerned about the economy.

Eighty-one percent of Americans say the stimulus bill should be a bipartisan effort. Just 13 percent think it is okay for a bill to be passed with only the backing of the Democratic majority.

Here is a Democratic Congressman that has it right!

Walt Minnick, D-Idaho, and others have an alternate plan called The Strategic Targeted American Recovery and Transition Act (START Act) of 2009.

"The biggest difference is that I've cut out everything that doesn't create jobs in this year and next," Minnick said Thursday. "It's only $174 billion, $650 billion less than what the House passed and probably $750 billion less than the trillion dollar bill the Senate is talking about. It focuses on infrastructure spending, there's $70 billion on bridges, roads and school construction and there's $100 billion on tax cuts to middle and low income people.

Minnick said his proposal would spend all the money by the end of 2010, while the White House proposal would only spend 30 percent of the larger amount they're proposing.