Republicans Angry Over Stimulus

February 14. 2009

"Leader Boehner speaks before the House after House Democrats push through an 1,100 page, trillion-dollar spending bill with less than 12 hours of public review time."

GOP leader John Boehner grew indignant at the passage of President Barack Obama's stimulus bill. He voiced his displeasure at what transpired.

President Barack Obama

The stimulus bill, containing a reported 1,100 pages, was pushed through by Democrats with none of the Republicans receiving the opportunity to read it. This was not appropriate, considering the Congress is comprised of two main parties. They should have been granted the opportunity to read it, even as a courtesy.   

Federal obligations exceed world GDP

Does $65.5 trillion terrify anyone yet?

As the Obama administration pushes through Congress its $800 billion deficit-spending economic stimulus plan, the American public is largely unaware that the true deficit of the federal government already is measured in trillions of dollars, and in fact its $65.5 trillion in total obligations exceeds the gross domestic product of the world...

The real 2008 federal budget deficit was $5.1 trillion, not the $455 billion previously reported by the Congressional Budget Office, according to the "2008 Financial Report of the United States Government" as released by the U.S. Department of Treasury.

The difference between the $455 billion "official" budget deficit numbers and the $5.1 trillion budget deficit cited by "2008 Financial Report of the United States Government" is that the official budget deficit is calculated on a cash basis, where all tax receipts, including Social Security tax receipts, are used to pay government liabilities as they occur...

http://www.worldnetdaily.com

World stocks sag on concerns about Obama plans

LONDON (AP) - World stock markets fell Thursday amid pessimism about the Obama administration's plans to fix the U.S. banking system and restore the overall health of the world's largest economy. European stocks were also undermined by a raft of disappointing earnings.

The FTSE 100 index of leading British shares fell 58.82 points, or 1.4 percent, to 4,175.44, while Germany's DAX declined 96.81 points, or 2.1 percent, to 4,433.28. The CAC-40 in France was 45.08 points, or 1.5 percent, lower at 2,982.64.

http://apnews.myway.com