Bailouts for Bureaucrats
Posted on July 17th, 2010 by Admin
Even lifelong Democratic pol Steny Hoyer, majority leader of the U.S. House, is balking at Barack Obama’s latest bailout proposal.
“I think there is spending fatigue,” said Steny. “It’s tough in both houses to get votes.”
Hoyer was referring to Obama’s weekend letter to Capitol Hill calling for a $50 billion bailout of state and city governments, to spare our elected politicians the pain of balancing their budgets with their own tax revenues.