Sunday, June 17, 2007

National News

Just a little bitty quote from the Chicago Sun-Times:
BY DEB RIECHMANN Associated Press

CRAWFORD, Texas---- President Bush warned Congress on Saturday that he will use his veto power to stop runaway government spending ...

Bush says he'll use his veto pen on excessive spending bills

I'm just saying what's in the paper, yuh note amean?


Anonymous Anonymous said...

So far since taking office, Bush has vetoed two items:

H.R. 810, Stem Cell Research Enhancement Act of 2005

H.R. 1591, U.S. Troop Readiness, Veterans' Care, Katrina Recovery, and Iraq Accountability Appropriations Act, 2007.

He has signed every other bill that has crossed his desk.

Here's a little reminder of how the GOP controlled House, Senate and White House handled the nation's finances from 2000-2006.

BLOOMBERG.COM reported on September 15, 2006:

"...The Republican-controlled Congress heads into the Nov. 7 elections having increased federal spending this year by 9 percent -- the most since 1990 -- to about $2.7 trillion, according to projections from the White House Office of Management and Budget. The agency estimates government spending will grow to 20.6 percent of gross domestic product in 2006 from 18.5 percent when President George W. Bush took office in 2001.

...Republican lawmakers say they are confident their constituents will stick with them

...While government data show the budget deficit will narrow to $296 billion this year, the smallest since 2002, OMB says that is largely because of an unanticipated increase in tax revenue that isn't likely to recur next year. And lawmakers so far haven't made sizable cuts in next year's spending plans.

...lawmakers have dropped the proposed entitlement cuts, and the line-item veto request has stalled in the Senate. Republicans have also put off most of the annual spending measures funding domestic programs until after the election. One of the spending measures, which pays for Congress itself, would provide senators with a 9 percent increase in their personnel and expense accounts."

June 17, 2007 2:36 PM  

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