Congress Stuffs Its Own Stocking

Ernest Istook / December 11, 2009

America’s biggest spenders have chosen a wonderful Christmas gift for themselves: More of our money.

Last week, deficit spending reached a new extreme. This week, Congress gave our federal government an 8% pay (spending) raise. Next week, they plan to borrow almost $2-trillion more to keep their spending spree alive. No payments until after Christmas, of course—and the bills are sent to the next generation.

President Barack Obama led the way in his speech that endorsed “spend[ing] our way out of this recession.”

Sadly, Congress and the Obama Administration are such jolly givers that they may push Santa into the unemployment line. The new borrowing is beyond our ability to pay. (more…)