RSSCAGW to President on Waste-Cutting Agenda: “Good Luck”
CAGW | March 7, 2009
CAGW reacted with skepticism to President Obama’s non-State of the Union address on Tuesday, February 24, finding it full of promises and short on specifics. After passing the stimulus package, the House of Representatives has now approved a $410 billion fiscal year (FY) 2009 omnibus appropriations bill that combines nine of the 12 annual spending bills. The omnibus increases spending 8 percent, or $32 billion above FY 2008. However, when combined with the stimulus, spending on agencies funded in both bills totals $680 billion, or $301 billion greater than in FY 2008 — an 80 percent increase. “CAGW will work with President Obama and anyone else who wants to cut waste, fraud and abuse. But it is simply not credible to promise to cut the deficit in half while Congress and this administration are spending money faster than at any time in history. The combined total of the stimulus and the omnibus will be $1.197 trillion, without adding interest on the debt. Congress has been in session for 30 days, meaning members have agreed to spend $40 billion per day,” protested CAGW President Tom Schatz. Read more about the FY 2009 omnibus bill.
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