Monday, July 20, 2009

A trillion here, a trillion there........

A trillion here, a trillion there........pretty soon it starts to add up to real money. JC

Bobby Jindal speaks.
In an Ideas piece, Bobby Jindal says Washington is trying to tax and spend our way back to prosperity. Photo: AP

Things in Louisiana are looking up. We are announcing major economic development wins and private capital investment and reducing government spending in order to live within our means. We just completed a grueling legislative session where we all had to work together, Democrats and Republicans, to find a way to do more with less.

We trimmed government spending, protected vital services and refused to raise taxes. (As is the case in any legislative body, some gave it a try). I can’t say our legislative session was much fun, but it was necessary, and it is the American way. Or, at least we thought it was.

In the meantime, I’ve been catching up on the news in Washington. I wish I had not.

Let’s review: the Troubled Asset Relief Program, bailouts for American International Group

and others, CEOs of bankrupt businesses that receive billions of tax dollars running off with millions in bonuses, a $ 3.5 trillion budget, a nearly trillion-dollar stimulus that has not stimulated, unemployment continuing to climb, government in the banking business, and of course, the U.S. government now making cars.

We have record deficits, which are unprecedented in recorded world history. We have debt that is even causing our creditors in the Middle East and China to be worried. Oops, I almost forgot the new national energy tax that just passed the House. If it isn’t bad enough that you may have lost your job and been fighting off foreclosure, the government now wants to make sure you, and every other American, pay more in energy costs so former Vice President Al Gore can be happy. This here is a fine pot of gumbo.

© Janet Crain

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