Friday, January 16, 2009

Since When Is $825B Not Enough?

House Appropriations Committee Chairman David Obey (D-WI) feels the $825B stimulus package unveiled by House Democrats yesterday may not be enough to avert economic catastrophe, further adding that additional big government spending initiatives may be in the works.

This may be the first fissure in the much-ballyhooed but ultimately overstated Democrat unity. Look for Blue Dog Democrats and other fiscally conservative members of the party to team up with Republicans shortly after Obama’s first 100 days to counteract the big ticket spending inclinations of Northern liberals.

This is only the beginning. Look for liberal democrats to make the case for continued deficit spending once current economic conditions improve, to justify financing of Obama's ambitious entitlement programs.

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