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Obama: Keep out of MY county!

Fort Bend County takes the top spot in Forbes Magazine’s list of “Best Places to Get Ahead.”

“A suburb of Houston topped our list. Incomes there have grown 10% between 2007 and 2008, and that's not a fluke based on a small contingent of wealthy residents. The county has also added 5,913 new jobs since the second quarter of 2007, an increase of 5%.

Like the rest of Texas, Fort Bend gets a healthy chunk of its revenue from the energy sector, but it also benefits from a diversity of industries--including education and hospitality--that has fueled several decades of rapid population growth. Several companies on Forbes' 400 Best Big Companies list are headquartered there, including Texas Instruments ( TXN -news - people ), Baker Hughes ( BHI - news - people ) and Thermo Fisher.”

That was the new on Feb. 1st, 2010. Then on Feb. 4th, we were dealt this blow:

“Statement from the President on House Passage of PAYGO

I am pleased that the House of Representatives has passed statutory pay-as-you-go (PAYGO) into law.

Statutory PAYGO would hold us to a simple but bedrock principle: Congress can only spend a dollar if it saves a dollar elsewhere. Mandatory spending increases and tax cuts must be paid for; they're not free, and borrowing to finance them is not a sustainable long-term policy.

 

It is no coincidence that when we last had statutory PAYGO, during the 1990s, we turned deficits into surpluses. The passage of statutory PAYGO today will help usher out an era of irresponsibility and begin putting the country back on a fiscally sustainable path.

Congress agreed Thursday to revive the pay-as-you-go budget rules that helped wipe out massive deficits and balance the budget during the Clinton administration, although the new version includes a long list of exceptions that would permit Democrats to add at least $1.5 trillion to the nation's tab over the next decade.

Correct me if I’m reading the President’s statement wrong: Pay-as-you-go is a good thing…to impose on Republicans. But Democrats get to add another $1.5 trillion to the national debt…because it doesn’t apply to Democrats!

The budget that Obama laid out this week would add $8.5 trillion to the debt by 2020, some of it explicitly permitted under the new paygo rules. For example, the rules allow Obama to extend tax breaks for the middle class enacted during the George W. Bush administration without covering the cost. Over the next decade, that extension would add $1.3 trillion to the debt by Democratic estimates or as much as $1.9 trillion according to Republicans.

Democrats are justifying this travesty by explaining they will only ignore Pay-As-you-Go to protect taxpayers from an increase in alternative minimum tax, estate taxes (for 2 years), and protect doctors from a scheduled pay cut who take care of Medicare patients.

"This bill is not perfect. But the perfect is always the enemy of the good in a legislative body," said Rep. John Tanner (D-Tenn.), a longtime paygo advocate who is retiring this year. Retiring…or running away as fast as he can before this sham blows up in Democratic faces!

The House voted 233 to 187 to approve paygo. The rules were adopted last month by the Senate and now go to President Obama for his signature. He’ll sign it because it is completely in his favor.

"It would be recklessly naive to go about our business in Washington pretending there won't be severe consequences for the mountain of debt we're piling up," said Rep. Eric Cantor (R-Va.), the number two House Republican. "We've heard a lot about the majority's paygo scheme. But this will not affect any spending that has already happened."

As a reminder, Fort Bend has “Incomes that have grown 10% between 2007 and 2008, and that's not a fluke based on a small contingent of wealthy residents. The county has also added 5,913 new jobs since the second quarter of 2007, an increase of 5%.”

The Conservatives/ Republicans of Fort Bend need to keep voting, maintain a strong voice. Stay in touch with their Representatives. And prevent the Democratic spending spree from destroying OUR county.

EVENTS:

Fort Bend County GOP Newsletter: http://www.fbcgop.org/Newsletter.pdf

Feb. 9th, Tuesday: Fort Bend Young Republicans Club 6:30pm www.FBRY.com

Feb. 11th, Thursday: West Fort Bend County Republican Women’s Club

Stand strong for conservative values: Take an active part in America!

 

Contact information: ElizabethMarieHR@comcast.net  Twitter: @ElizabethMHR

LinkedIN: http://www.linkedin.com/in/elizabethmariehr

Comments

  • KG 4 years ago

    Now if we could get the republicans to stop invading other countries, our deficits would be much smaller. Paygo doesn't apply to defense spending does it?

  • Tomas 4 years ago

    It seems that on the surface, this makes sense. But, there are always underlying issues. When Republicans were in office, there was STILL taxation, debt, and wars. It's not going to get fixed overnight because Dems are in office.

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