Advocacy Group Marks One Year Stimulus Anniversary

Advocacy Group Marks One Year Stimulus Anniversary


Citizens Against Government Waste derides
Obama Administration Spending Spree

In cased you missed it, February 17 marked the one year anniversary of the passage of the Obama administration’s American Recovery and Reinvestment Act (ARRA). That name is not familiar to most Americans but “federal stimulus package” is and that is what this piece of legislation represents. Importantly, it also added some $787 billion to our national debt and has created one of the largest political backlashes of our day as hundreds of billions of dollars has been misspent.

Citizens Against Government WasteBut the anniversary did not take place unnoticed as the president and his team set out to remind Americans how “successful” the program has been. That led Citizens Against Government Waste (CAGW), a nonpartisan, nonprofit organization dedicated to eliminating waste, fraud, mismanagement and abuse in government to counter the president’s message.

“Today President Obama and his phalanx of spinmeisters are fanning out across the country to preen over the great achievements of the ‘stimulus package,’ which is akin to painting lipstick on a $787 billion pig,” said CAGW President Tom Schatz.

“The President promised that 90 percent of the jobs created would be in the private sector and that unemployment would drop to 8 percent, but the only positive job creation has been in the public sector, as private sector unemployment has risen to 9.7 percent. The administration’s spokespersons have been all over the board on jobs creation numbers, claiming anywhere from 640,000 to 2 million; yet the numbers show 2.8 million jobs have been lost since President Obama promised to create 3.5 million jobs when he announced the stimulus package one year ago. While touting the stimulus as part of the effort to get the country out of the Great Recession, all it has done is help to create the Great Debt. This information and much more will be available on in March.”

Recent polling data has shown that Americans are unhappy with the stimulus plan as well as the direction in which the United States is heading. In fact in a Rasmussen Tracking Poll released yesterday, just 21% of voters nationwide believe that the federal government enjoys the consent of the governed. Most Americans are unhappy with our elected officials be they Democrats or Republicans.

Still, with the Democrats controlling Congress and the White House and pushing through the spending, it is the Democratic Party that is feeling the brunt of the backlash, losing in several important elections over the past few months.

“President Obama talks incessantly about wasteful government spending and reining in the budget deficit, yet his policies will end up spending more taxpayer money than any previous President,” continued Schatz. “The stimulus is part of a large down payment on a long-term legacy of fiscal woe, as the national debt will double in the next 10 years. In the prescient words of CAGW co-founder J. Peter Grace, ‘we’re mortgaging our children’s future…we’re robbing piggy banks, we’re taxing our defenseless children without representation. … It’s unforgivable.’”

Source: Citizens Against Government Waste


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Categories: Money News

About Author

Matthew C. Keegan

Matt Keegan is a freelance writer and editor as well as publisher of "Matt's Musings", his personal blog. Matt covers campus, consumer, business and financial topics on various websites and blogs, and has been published in the "Houston Chronicle", "Sam's Club Magazine" and "Wisconsin Golfer".