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FY 09 Budget Adds Billions In Spending

A few notes on the upcoming budget from the Republican House Committee on Appropriations:

FY 09 Omnibus – The Cherry on Top of the Stimulus Sundae

February 23rd, 2009

Over the last year, the American taxpayer has been on the hook for bailing out huge corporations, propping up failing quasi-government organizations, and providing hundreds of billions of dollars in “stimulus” programs – many of which will have little or no positive impact on the economy.

However, instead of giving American families a break by tightening the reins on spending, the 2009 Omnibus instead adds billions in additional funds to federal programs and agencies. Given the state of our national economy and the pressure already facing future budgets, this bill goes beyond what our nation and the American taxpayers can afford. Congress simply cannot continue this massive spending spree with little regard to cost effectiveness, timeliness, practicality, or even need.

Omnibus Breakdown – How does it compare?

The FY 2009 Omnibus contains funding for nine out of twelve regular Appropriations bills for a grand total of $410 billion in spending. This is $32 billion – or an 8% increase – over last year’s budget for the same agencies.

The 2009 spending in this bill vastly outpaces average increases in inflation and median household incomes. In fact, this bill will grow government spending at more than double the rate of inflation and almost triple the rate of median growth in household incomes. While American families are having to cut back their household budgets because of the floundering economy, Democrats in Congress are ushering in the largest increase in discretionary government spending since the 1970s.

· Increase in inflation (2001 – 2008 yearly average) = 3.1%

· Increase in Median Household Income (2001 – 2008 yearly average) = 2.7%

· Average national home appreciation over last year = -12.4%

· Increase in 09 Omnibus bill over 2008 levels = 8%

Remember, all of these costs are on top of the “stimulus” package and the other recent “bailouts.”

They are also permanent increases. They will never be cut.

Indeed, if next years budget has smaller increases than these gigantic ones, it will be called a “cut.”

But there’s more. Lot’s more.

Again from the GOP’s House Appropriations Committee:

Omni is just the tip of the iceberg… what are we REALLY spending?

February 23rd, 2009

The huge overall increase in funding in the Omnibus is just the latest in a series of government spending sprees, including the massive “stimulus” package passed just this month.

The Omnibus appropriations bill contains funding for many of the same agencies and programs that received funds in the “stimulus” bill. Therefore, to uncover the true level of spending for these programs this year, the funding levels of both bills must be combined.

For example, the Departments of Labor and Health and Human Services receive $152 billion in the 09 Omnibus – an increase of $7.4 billion over the 2008 funding level. The House-passed stimulus bill contains $124.3 billion for 2009 for the same agencies. When you combine the total funding under both bills for 2009, this year these departments will receive $276.6 billion – or a 91% increase over last year!

This shocking trend is evident throughout all programs and agencies funded in the Omnibus. In fact, the combined FY 2009 funding for agencies included in both bills is $680 billion – $301 billion more than these programs received 2008, for an 80% increase in spending this year!

The true combined cost of these massive increases will eventually be passed on to the American taxpayer. And, many of these increases will carry forward into years to come, regardless of economic necessity or damage to our nation’s finances.

The following is a summary of the combined cost of 2009 spending contained in the FY 2009 Omnibus and the recently passed “stimulus” bill (by subcommittee, in billions):

Will the US taxpayer ever hear a word about this from our watchdog media?

(We kid. Of course they won’t.)

But so much for fiscal responsibility.

This article was posted by Steve Gilbert on Wednesday, February 25th, 2009. Comments are currently closed.

15 Responses to “FY 09 Budget Adds Billions In Spending”

  1. proreason

    Take a look at the chart in this IBD article today.

    http://www.ibdeditorials.com/I.....0677654157

    As a % of GDP, Bush’s spending was like the early 1970’s, and roughly equivalent to the Clinton years, even though Bush conducted successfull wars in Iraq and Afghanistan, and foolishily sank $200M in the Katrina black hole. His average spending was 20% of GDP.

    Spending for 09…….30% of GDP. And like the song says, it’s only just begun. 75% of that spending is useless, and in many cases, worse than useless.

    People, this won’t stand…..there will be a revolt of some kind but it may not come as soon as we would like.

    So protect yourself.

    – Learn how taxes work. Not just what Turbo-tax or the tax-in-a-box guy tells you. Learn what YOU can do to minimize your taxes and PLAN for it.

    – Expect humongous inflation starting later this year. Prices are going to skyrocket. The Moron won’t care, and even if he did, it will be unstoppable. Review your insurances, your tax assessments, etc. Now is the time to buy something that you will need later if you can afford it (also good if you can finance it at a low rate). Refinance now but don’t take cash out except for something you must have. Get a low-maintenance car that gets good mileage if you can handle the cost. Get long-term deals on services if you can. Understand what you spend and where you can make adjustment when it becomes necessary. Protect your job as best you can.

    – Begin to understand which of the obscene give-aways you can get. Don’t be embarrassed to grab what you can…..rest assured the scammers and cheats will be doing it full-bore.

    – Analyze how long you can go without a job and what you can do if that happens. Most people can do a lot of things to save money if they have to (eat out less, drive less, fewer clothes, cut your own grass, cell phone usage, basic cable, control utilities, movies at home, and on and on). Also remember that you won’t be paying as much taxes and that you will get a bit of money from unemployment compenstion. It won’t be as shocking to lose a job if you understand ahead of time what your options are.

    – But don’t take chances with spare money. The markets will be on a roller-coaster ride for years. There will be massive ups as well as massive downs. Be careful, and don’t for a moment believe the hopey-changey hype.

    • BigBad

      I agree with you on all except “Don’t be embarrassed to grab what you can.”

      I will not take government $. Period. It will come with strings like all government $ does and I want to grasp on to the little freedom that I have left.

    • proreason

      Well, I would respond that if government money has strings, don’t take it.

      But taking government cheese doesn’t exactly fall into the category of crime, so my view is that you should take what you legally can get.

      But I understand and admire your position.

  2. Right of the People

    Pro, all very sage advice. I think you’re wrong about the revolt though. It will take quite a bit to provoke the people but if we have another terrorist incident are some other outrageous event it might be enough to get people going. Lock and load and buy all the ammo you can get.

    10-7

    • TNpatriot

      I have to say I have been trying to stock up on ammo, and it has been quite a task. There was basically no ammo in town last weekend. The only ammo I was able to find was 40 S&W at one of the many Walmarts here. I called every other place in town and they said they can’t keep 9mm, 45acp or 357 in stock. The Walmarts said they basically get a daily shipment in but their supply is cleared out each day. I also could not find a decent amount of .223 rounds. The only thing I do have a decent supply of is 12 gauge shells.

      Kind of makes me wonder…

  3. proreason

    Dilbert – priceless – Feb 25 lead cartoon

    http://www.dilbert.com/

    • GuppyNblue

      That’s hilarious! Thanks.

    • 1sttofight

      For all employees the Obama Job Creation Scheme

      Dear employees,

      Due to the current financial situation caused by the slowdown of economy, Management has decided to implement a scheme to put workers of 40 years of age and above on early retirement. This scheme will be known as RAPE (Retire Aged People Early).
      Persons selected to be RAPED can apply to management to be eligible for the SHAFT scheme (Special Help After Forced Termination). Persons who have been RAPED and SHAFTED will be reviewed under the SCREW program (Scheme Covering Retired Early Workers). A person may be RAPED once, SHAFTED twice and SCREWED as many times as Management deems appropriate.

      Persons who have been RAPED can only get AIDS (Additional Income for Dependants & Spouse) or HERPES (Half Earnings for Retired Personnel Early Severance).

      Obviously persons who have AIDS or HERPES will not be SHAFTED or SCREWED any further by Management.
      Persons who are not RAPED and are staying on will receive as much S**T (Special High Intensity Training) as possible. Management has always prided itself on the amount of S**T it gives employees. Should you feel that you do not receive enough S**T, please bring to the attention of your Supervisor. They have been trained to give you all the S**T you can get.

  4. proreason

    Market must have liked The Moron’s speech.

    It only went down 1%.

    That’s $100 million dollars in lost wealth.

    Of course, stocks are so low that they are almost becoming irrelevant.

    Think about it…..Stocks down 50%. Real Estate down 30%. MM’s paying less than 1%. Bonds not paying much more (many are probably worthless because the issuers will go bankrupt). That’s 95% of the assets in the country.

    But the communists in charge don’t care. The asset they are interested in is power. And their voters don’t hold assets anyway. They live by taking yours.

  5. canary

    TNpatriot. Are you aware of the islamic terrorist camp in TN border next to Ft. Cambell KY. Anyways, in our neck of the woods, basically you can only find 7mm and 22 shorts. As far as what on the Walmarts around here are saying is one or two guys buying up entire shipments on some of the ammo. 9mm is nearly impossible. One Walmarts worker, said, not a Walmarts within 30 miles has 9mm.
    The reason is the Ammunition Accountability Act, which is believed to pass in June, to bankrupt the ammunition manufactures, and cost of ammo
    skyrocketing.
    p.s. the first ammo to become distinct was .380. And guns have doubled in price. When you have the CIA and former Vice-President Cheney telling the news for monthes now, to expect another islamic terrorist attack in America, this also might shed light on the shortage.

  6. TNpatriot

    No I am not aware of that camp. I am from Knoxville and don’t go north unless I have to. Don’t know how familiar you are with Oak Ridge or what goes on there but a terrorist training cam anywhere close is not a pleasant thought. That would be one big fireball.

    I have heard the same explanation about the ammo shortage. I do have to wonder if some people are preparing for the inevitable though.

  7. doctor tecate

    “But so much for fiscal responsibility”

    oof that sounds about 6 years too late

  8. proreason

    Even liberal pooh-bahs are getting nervous. This is David Broder, high muckity muck of liberal journalists.

    “The size of the gambles that President Obama is taking every day is simply staggering. What came through in his speech to a joint session of Congress and a national television audience Tuesday night was a dramatic reminder of the unbelievable stakes he has placed on the table in his first month in office, putting at risk the future well-being of the country and the Democratic Party’s control of Washington.

    It was also, and even more significantly, a measure of the degree to which he has taken personal responsibility for delivering on one of the most ambitious agendas any newly inaugurated president has ever announced. ”

    What gives this Moron the right to take these unprecedented risks on every front with the very survival of this country at stake.

    Aside from all policy issues, whether you agree with the liberal nitwits or not, how can ANYBODY take these massive, unknown, highly risky, dangerous actions in good conscience with OUR country.

    It is madness.

  9. proreason

    Buyers remorse.

    “Noteworthy up here on Wall Street, a great many Obama supporters — especially hedge-fund types who voted for “change” — are becoming disillusioned with the performances of Obama and Treasury man Geithner. There is a growing sense of buyer’s remorse. Well then, do conservatives dare say: We told you so?” Larry Kudlow

    http://kudlow.nationalreview.c.....FlYWNhMjg=

    The resistance to the War on America gets some new recruits.




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