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Citizen group find plenty of financial nightmares in Washington

November 3, 2008 by  

Congress' money management can be frightening, group saysAs another year of Halloween-inspired frights has just passed by, Citizens Against Government Waste has used the opportunity to point out some scary government behavior that has taken place over the past few months.

CAGW calls the $700 bailout bill "the worst trick perpetrated on taxpayers this year," claiming that it is a significant step towards creating a socialist mentality in Washington.

It points to government intervention in the cases of Bear Stearns, AIG, and Fannie Mae and Freddie Mac as additional examples of how taxpayers are forced to foot the bill for Wall Street’s missteps.

CAGW is also highly critical of the way that Congress is managing (or mismanaging) the federal budget, which reached $455 billion in the fiscal year 2008.

The group says that spending over the course of the year has risen by 9.1 percent, which is the highest increase seen since 1990, while revenue fell by 1.2 percent.

"Congress’ reaction to the bad news is to propose spending increases and a $400 billion stimulus bill instead of taking a Texas-sized chainsaw to the plethora of federal government programs that are outdated and wasteful," CAGW states.

Meanwhile, in related news, Federal Reserve chairman Ben Bernanke has recently called for indefinite government backing of consumer mortgages.
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  • http://rvaughn@embarqmail.com richard vaughn

    think that our government is throwing our constitution out .It is not We The People any more. It is what ever obama says it is. This is the scariest president and congress I have ever witnessed in my 60 years. If America doesn’t speak up and soon we will not have any rights left. I CAN’T BELIEVE WHAT THIS GOVERNING ADMINISTRATION IS DOING! I know that there has to be others that are seeing our rights being taken away and yet they aren’t saying anything.What is wrong with you people? Don’t you realize you are loosing your freedom as well as your country? If people don’t start speaking up now then it is going to be too late!How will your children ever forgive you for letting this happen, much less be able to forgive yourselves! I am begging you for the sake of our country as well as our children to speak up now!

    • Yvonne Salisbury

      It’s so refreshing to finally see something written about obama that I thoroughly agree with. People are like robots, they don’t do anything but watch TV, which the communist media always makes obama look like the Messiah. This man is the worst thing that could have ever happened to our country. While he takes away our arms, by putting ammunition plants out of business, we will be stuck without any protection when the war starts here in our own country. And let’s talk about ACORN which everyone has forgotten about, his little army that he is recruiting. Why would he be recruiting an army for himself? Wake up people!!!! He isn’t even a United States Citizen! If he is, just let us see the birth certificate (not the fake one). I am disgusting that our country has gotten to this point.

    • Maxine Jensen

      Berwyn Steele, We the people, are speaking out. The media prints what they want to. Unfortunately, we have voted in the persons we thought would actually protect America. WE have discovered that they are not as interested in our protection, or our nation, as the almighty dollar Obama is willing to give them of our taxes. That along with his assurances that he will bankrupt the nation, if they do not play ball–his way. They believe him. He will certainly bankrupt the nation, if they do not stop him. but you will not see this in print where most people are reading. Until we learn that lawyers and rich people do not, necessarily, make patriotic leaders of our country, we can expect more of the same. Let’s limit their terms and put in more working class people that know what it is like to balance a budget. not just people that know how to raise the most campaign funds from the American tax payers, that trait doesn’t end with their election. I see no other hope for America.

  • http://Cox.net Berwyn Steele Sr.

    The guy dose not want you to know what he is doing and people trust him and he is not a person anyone can trust. He will bring in his group of military and take over everything. Its going to be easy as people think he is an ok guy but just watch its coming very soon and then it will be way to late, get your heads out of the dirt and check and see what is going on around you once in a while. Its going to be way to late if this country dose not see what this guy is doing. He has his own army did you know that??? Guess not. We best be on watching what the guy is doing in place of watching tv 24/7.

  • http://jimbo89@tampabay.rr.com jim caputo

    Vote/Vote/Vote! Get these lunatics out of Washington. The inmates are running the asylum! We will be lucky to survive this current administration without a total wreckage of our economy!

  • http://home walter knight

    We had better wake up America: Even the people who gets his handouts, are going to be stiffed, after he is done with them. Wake up and see what’s happening to us. When the taxes run out, you the people who can work, will be their slaves, and the people who can’t or won’t work, will be killed or left to die as you won’t be able to contribute to the “common good”. You don’t think it will go that far?, These people are thugs, criminals,and mean business. It’s all about money “our taxes” and power “over you” and me.Listen to Alternative media not just The propanda networks and vote these “elite” out before it’s too late for the United States of America.

  • http://ordy@fedtel./net Eric g

    I have not seen much change from the previous republican administration . accept our debts went up even faster . what the changes the republicans are talking about, dont seem to attractive to me . I really dont respect or trust the republicans anymore than the liberal democrats . They ruined the democrats plan for medicare for evreyone , so now Obama care looks to be worse than nothing at all . And the republicans are just waiting to kill any chance of a good democrat healcare program . I’am hoping for a complete change in goverenment , where we are all treated equal , The same healthcare and pennsion plan for all of us .

  • http://ordy@fedtel./net Eric g

    Actually it looks like the democrats and the republicans been in a contest to see who can bankrupt and destroy the United States the fastest . We need a tea party of democrats too . The first and most important part of the republicain tea party agenda is a return to morality not the reduction in taxes

  • http://ordy@fedtel./net Eric g

    The best president and congresmen should be farmers not harvard college graduates that have been studing how to get communisism to work better . college professors think they should be making the decision , becuase they are the smartest . I dont think so ! farmers at least know you have to plant before you can harvest . communists think you need guns and take the harvest by force . The problem is that turns out to be your last harvest . Then where do we go ?

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