It was less than 2 months ago new House Speaker Nancy Pelosi issued a press release urging our President to to adopt new fiscal responsiblity in his fiscal year 2008 budget. Based on the pay-as-you-go system the Democrats plan to put into place, America should prepare itself for the largest tax increase in our nations history.

According to Bloomberg Democrats announced plans for the biggest increase in domestic “discretionary” spending in at least three years.

“The squeeze on domestic discretionary spending these past years has done a lot of damage to the infrastructure of our nation,” [Senator Robert] Byrd said. “It has resulted in budgetary shortfalls that are wholly irresponsible, and they must be addressed.”

John Hawkins over at Right Wing News had this to say:

We’ve got a large a deficit which the Democrats understandably complained about incessantly in 2006, but now that they’re in office, it turns out that they think Congress and the President were actually putting the, “squeeze on domestic discretionary spending.” Who’d of thunk it…well, other than everyone who knows anything about the economic policies of the Democratic Party?

It really should not come as much of a surprise to anyone that the Dem’s are looking to increase spending, the only surprise to me is they are announcing it so soon. I would have thought they would be fiscally conservative for the next year in an effort to gain voters confidence for the 2008 election.

Apparantly I overestimated their political savy.

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Congress, Education, Politics