News that the national debt has now topped $13 trillion boggles the mind – and the calculator. I recently posted about the idea that numbers this massive can sometimes feel a little bit like “Monopoly Money” and be difficult to grasp. So, that begs the question; how much is $13 trillion?
Posts Tagged ‘Bailouts’
Jim Cooper must think it is October as he is attempting to put on his “Blue Dog” Halloween mask once again. In a recent statement to the media, he announced his support for giving the President a power of “expedited rescission” to supposedly control spending. He lectured “members of Congress” about their inability to control earmarks and excessive spending and told them they need “parental supervision.”
In Rep. Jim Cooper’s editorial in the Tennessean this week, he attempts to explain how we should “Slice Government, Close Loopholes.”
Rep. Cooper, I must say I was surprised by the content of your editorial. You succeed in bashing former President Reagan for raising spending, yet our current spending level is 1.2% higher (based on GDP) today than it was during Reagan’s Presidency, as evidenced by your editorial. You say the key is to find balance in government. This probably sounds great to most of the folks living in the Fifth District. However, I believe you miss the point entirely.
An Open Letter to Jim Cooper
March 22, 2010
Dear Mr. Cooper:
Today, you have officially abandoned any pretext as a credible representative for District 5 of Tennessee. I have contacted you many times in the past regarding your votes for Cap and Trade, Health Care Insurance, Stimulus One and Two, Cash for Clunkers, Bank Bailouts, Insurance Bailouts, Car Company Bailouts, etc. Your office has steadfastly told me that you know best because you are a teacher at Vanderbilt, a fiscal conservative, a Rhodes Scholar, etc. You certainly teach at Vanderbilt and are a Rhodes Scholar. However, you are no fiscal conservative.