We have managed to acquire $13 trillion of debt on our balance sheet” and, “in my view we have nothing to show for it.” Speaking of the debt, he said our debt almost equals the economy. Regarding the current job situation, Bennet said the situation has been dire for over a decade saying, “We have created no net new jobs in the United States since 1998” which were the last two years of the Clinton administration. Pointing to a slide showing budget expenditures, he said that currently 65 percent of the budget was for social security, Medicaid and Medicare expenditures and that we could not grow our way out of debt.Those remarks were made in one of the few town hall meetings held by Democrats this summer. This meeting was held in Greeley, Colorado, and reported by the local paper, the Greeley Gazette. My own Senators (Mikulski & Cardin, both D) and Congressman (Sarbanes, D-MD2) have failed to hold any either. It's time to make these spendthrift legislators accountable for their actions. They have spent $3,000,000,000,000.00 in the past year in stimulus packages and bailouts. Nothing has come out of this but more debt. Mr. Obama, Harry Reid and Nancy Pelosi are proposing to spend ever more money in an attempt to rape the country to pay off ever more of their rapacious union supporters (SEIU-government employees in particular have faired far better than the average worker in this country).
Thursday, August 26, 2010
Senator Michael Bennet, D-CO, said in a town meeting last Saturday, 21 August, 2010, that the trillions the Obama administration has spent has been wasted.