FROM CNN's Jack Cafferty:
Guess who's paying for that $170 billion economic stimulus package? Our children.
Those rebate checks meant to stimulate the economy helped push the federal budget deficit to $166 billion last month, a record high for the month of May. The Treasury Department says this May deficit was more than double what it was last year.
During last month, $48 billion in stimulus checks went out as part of an effort to revive the economy. This stimulus package was actually something that prompted Democrats and Republicans to work together. They settled on checks of $600 for individuals who earn less than $75,000 and $1,200 for married taxpayers who earn less than $150,000 together.
The Bush administration estimated earlier this year that the deficit would be $410 billion, but many private economists believe it will be higher, possibly topping the all-time high of $413 billion set in 2004. And remember, the deficit numbers reported by the government don't include the cost of the war in Iraq, estimated between $150 billion and $200 billion a year.
The largest increase in retail sales in six months in May is an indication people are spending those rebate checks. The increase was double what economists were expecting. But it's likely only temporary.
The point is this is all borrowed money that's being used for the rebate checks. Money that will someday have to be repaid – probably by our children or grandchildren.
Here’s my question to you: Is it fair for the government to make our children pay for the economic stimulus package?
Interested to know which ones made it on air?
(PHOTO CREDIT: GETTY IMAGES)
FROM CNN's Jack Cafferty:
The House of Representatives has voted to send an impeachment resolution against President Bush to committee – where it's likely to die.
Congressman Dennis Kucinich introduced the 35 articles of impeachment this week. Most of the resolution focuses on the Iraq war but also charges the president with illegally detaining both U.S. citizens and foreign captives, condoning torture and mishandling the response to Hurricane Katrina.
But Congress doesn't want to hear it. They voted largely along party lines – 255 to 166 – to send the resolution to the House Judiciary Committee. This is exactly what happened to Kucinich's impeachment articles against Vice President Cheney last year. Congress sent that resolution to this same committee in November. So far, no action has been taken. Congress continues to refuse to exercise its constitutional responsibility of oversight of the executive branch of government.
House Speaker Nancy Pelosi long ago made it known that impeachment is "off the table." This is a joke. We have a president who has abused the power of his office over and over again. It's what got the Democrats elected to the majority in Congress in 2006. Now it's election time again, and every member of the House is up for re-election in November. The Democrats are probably worried what it will look like to many voters if they spend time on impeachment.
Which is why Republicans voted yesterday to bring Kucinich's resolution up for debate immediately – to make the Democrats look silly for focusing on this instead of gas prices, the economy, etc.
Here’s my question to you:What does it mean when Congress refuses to even consider 35 articles of impeachment against President Bush?
Interested to know which ones made it on air?
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