econarchy

Folks, get ready to send even more of your money overseas. I think most people would be shocked to learn just how much taxpayer money is sent overseas, but it is a drop in the bucket compared to what is coming. Obama is going to make darn sure that wealthy Americans are “held accountable” for all of the needs of the entire world. He is going to take money from wealthy Americans to not only line the pockets of lazy Americans, but also send money to Africa, East Asian, and Muslim nations.

Here is what the World Bank (which is the most misleading name ever. It is a bank funded by America that sends money to the world).

DAR ES SALAAM, March 8 (Reuters) - Developing countries could face a financing gap of $270 billion to $700 billion this year as trade income dwindles and rich nations vie for capital to deal with a global slump, the World Bank said on Sunday.

The World Bank said even at the lower end of that estimate, resources of international institutions would not be sufficient to meet the financing needs as more and more emerging and developing countries are hit.

“There is a therefore a strong need to expand assistance to (lower income countries) to protect critical expenditures and prevent an erosion of progress in reducing poverty,” the World Bank said.

In other words, get out your checkbooks. If Obama thinks that wealthy Americans need to “do their part” to line the pockets of the “poor” in this country, you can bet he will force us to pay for developing nations. After all, the “poor” people in the US would live like kings in these countries. Just more class warfare and hatred of the “wealthy”.

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So is pork bad, or not? Obama cannot make up his mind. Sure, he made promise after promise after promise that he would eliminate pork, but c’mon! He is a politician! What are promises? Now his Administration is back to making more promises to cut pork, just not right now.

After all, you have to payback the people who got you elected. Nothing like a little pork and pet projects, at the taxpayers expense of course.

The best part of this interview is when Obama’s budget director said that Obama has “little power” over this year’s spending bill…. Uh…. HE IS THE PRESIDENT!!!! He has the ULTIMATE power! It’s called NOT SIGNING THE BILL!

Idiot.

WASHINGTON (CNN) — Facing mounting criticism of a spending package packed with billions of dollars in earmarks, the Obama administration made a vow Sunday: This president will bring a halt to pork-laden bills.

Peter Orszag says it is too late to cut earmarks from the spending bill inherited from the Bush administration.

“[Such bills] will not happen when the president has the full legislative and appropriations process in place,” Peter Orszag, director of the White House Office of Management and Budget, told CNN’s “State of the Union with John King.”

He argued that the White House had little choice but to support the $410 billion omnibus spending bill, which it inherited from the previous administration. The bill would keep the government running through 2009.

 CNN

Yea, poor Obama. He just doesn’t have any power or influence right now!