Political Mavens » They Came For My Wallet

They first came for my wallet for the $700 billion TARP. They said it would fix things. They were wrong.

Then they came for my wallet for the $1 trillion economic “stimulus” bill. They said it would fix things. They were wrong.

Then they came for my wallet for the half trillion omnibus spending bill. They said it would help fix things. They were wrong.

Then they came for my wallet for the $75 billion housing plan. They said it would fix things. They were wrong.

Now they are coming for my wallet for a $1 trillion bank rescue plan. They tell us it will fix things.

They come for my wallet for a $1.5 trillion plan to nationalize health care. They tell us it will fix things.

They come for my wallet for a $1.5 trillion cap and trade tax plan on energy. They tell us it will fix things.

And they come for my wallet for a $4 trillion budget. They tell us it will fix things.

Over the next decade, the nonpartisan Congressional Budget Office estimates that all of this spending will force us to borrow a staggering $9.3 trillion. Even President Obama’s own budget director, Peter Orszag, says those deficits would “not be sustainable.”

It’s easy to play with trillions when it’s Monopoly money to you. But when it’s YOUR money—as it is ALL of OUR money—playing fast and loose with it has political consequences.

Some Democratic lawmakers are seeing this and warning the Bama White House about going too far.

But so far, all the Bama sees is my wallet.

He says picking it will fix things.

He is wrong.

And we all know it.