Research

Recognizing the American public’s growing frustration with Washington Democrats’ out-of-control spending, President Obama today tried to show concern over government spending by saying:

But as I've said, in the long run, we can't continue to spend as if deficits don't have consequences; as if waste doesn't matter; as if the hard-earned tax dollars of the American people can be treated like Monopoly money.

The only question is, exactly when does the President plan to stop treating taxpayer dollars like Monopoly money?  Last week he signed a $1.1 trillion omnibus spending bill that increases discretionary spending by 12 percent! With Congressional Democrats he is also rushing to pass a massive government-run health care plan, and a $154 billion Stimulus II spending bill. Last week the House voted to raise the debt ceiling by $290 billion and the Senate is expected to follow suit next week.  Once again, Obama is saying one thing while doing the opposite: continuing his out-of-control spending while delivering a few pleasantries about the need for fiscal restraint.

The President is right. Americans' taxpayer dollars should not be treated like Monopoly money, but unfortunately his binge spending is doing just that, while leaving taxpayers with the hangover.