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Taxpayers slapped in the face three times in one day

—JasonPye.com

Taxpayers were got slapped in the face three times yesterday by President Barack Obama and the Democrat-controlled Congress.

The first was the president signing a bloated $1.1 trillion spending bill, which passed Congress over the weekend:

President Barack Obama has signed into law a $1.1 trillion bill that increases [...]

Posted: December 17, 2009, 5:05pm EST

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How They Voted: The $1.1 Trillion Spending Bill

—Georgia Politics Unfiltered

Sunday, the United States Senate passed H.R. 3288; a $1.1 trillion spending bill that, according to the Associated Press, increases budgets for major sections of the federal government, including health, education, law enforcement and veterans programs [Associated Press (2009-12-14). Senate passes $1.1-trillion spending bill. Los Angeles Times. [...]

Posted: December 14, 2009, 7:11am EST

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Congress to raise debt ceiling by $1.8 trillion

—JasonPye.com

Democrats are planning to raise the debt ceiling by $1.8 trillion at some point this month, which is apparently double what was expected:

“We’ve incurred this debt. We have to pay our bills,” House Majority Leader Steny Hoyer told Politico Wednesday. And the Maryland Democrat confirmed that the anticipated [...]

Posted: December 10, 2009, 4:15pm EST

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Debt is the essential fuel for a superpower that every day spends billions of dollars more than it receives in tax revenue.

—Cracker Squire

From The Washington Post:

Debt is the essential fuel for a superpower that every day spends billions of dollars more than it receives in tax revenue.

The United States owes investors nearly $8 trillion. That number could more than double in a decade. The projected growth [...]

Posted: December 08, 2009, 6:57am EST

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