Congresswoman Shelley Moore Capito in a Charleston Daily Mail editorial blasted the Democratic budget as one that threatens to saddle our future with unmanageable baggage.
She stated:
Families throughout our state continue to tighten their belts, watch their family budgets, and look for new ways to limit their spending. They're looking for responsible ways to cut back and save for the future.
Their prudence, however, is in stark contrast to the debate taking place in Congress over a $3.5 trillion federal budget that spends too much, taxes too much and borrows too much.
This $3.5 trillion is, of course, in addition to the $700 billion financial rescue plan, the $787 billion economic stimulus package, and trillions of dollars used as a backstop for AIG, Citigroup and other firms.
As I've said before, some of that spending - particularly key infrastructure spending through the stimulus package - can have an important economic impact.
Yet a pattern is emerging that is troubling to me, to many of my congressional colleagues and to many West Virginians. Simply put, Congress is setting the stage for an unsustainable level of debt.
In fact, the budget we considered last week lays out a framework to add yet another $5 trillion to our nation's debt over the next five years.
There's little question that the president and his new administration inherited debt, but it doesn't strike me as the best course of action to expand it at a record pace.
The proposed budget would increase taxes by approximately $1.2 trillion over 10 years, placing a heavier burden on job-creating small businesses. It would increase spending by $1 trillion over five years, placing even more of a burden on regular taxpayers.
In 2010 alone, government spending amounts to 25 percent of our nation's gross domestic product. The deficit for 2010 stands to top a trillion dollars.
As Sen. Kent Conrad, D-N.D., chairman of the Senate Budget Committee has said, "We're seeing the prospect of another doubling of debt, and that's unsustainable."
Their prudence, however, is in stark contrast to the debate taking place in Congress over a $3.5 trillion federal budget that spends too much, taxes too much and borrows too much.
This $3.5 trillion is, of course, in addition to the $700 billion financial rescue plan, the $787 billion economic stimulus package, and trillions of dollars used as a backstop for AIG, Citigroup and other firms.
As I've said before, some of that spending - particularly key infrastructure spending through the stimulus package - can have an important economic impact.
Yet a pattern is emerging that is troubling to me, to many of my congressional colleagues and to many West Virginians. Simply put, Congress is setting the stage for an unsustainable level of debt.
In fact, the budget we considered last week lays out a framework to add yet another $5 trillion to our nation's debt over the next five years.
There's little question that the president and his new administration inherited debt, but it doesn't strike me as the best course of action to expand it at a record pace.
The proposed budget would increase taxes by approximately $1.2 trillion over 10 years, placing a heavier burden on job-creating small businesses. It would increase spending by $1 trillion over five years, placing even more of a burden on regular taxpayers.
In 2010 alone, government spending amounts to 25 percent of our nation's gross domestic product. The deficit for 2010 stands to top a trillion dollars.
As Sen. Kent Conrad, D-N.D., chairman of the Senate Budget Committee has said, "We're seeing the prospect of another doubling of debt, and that's unsustainable."
Even worse, according to Capito, the Obamacrats seem to intend to institute cap and trade regardless of the opposition of the United States Senate. In other words, create federal regulations without the input of Congress. This would cripple West Virginia's coal industry, which provides over 1/3 of all tax revenues for the state. Obama and the left wingers do not care if West Virginia collapses, we did not vote for him anyway. According to Obama himself "I won." And that is all that matters to him.
Shelley Moore Capito and Robert C. Byrd have ferociously attacked Obama's plans in this regard. They are from different parties, but on the same page on this issue crucial to West Virginia. Hopefully West Virginia's remaining delegation will fight just as hard for the state and not fear the wrath of Nancy Pelosi.
Who pays when left wing Democrats want to pass heavy taxes and spend on nonsense plans? We do. For a long, long, long time.
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