One lone Senator holds up passage of extension of jobless benefits for the nations unemployed over opposition to continued federal spending without any rational of how to pay for it. Last month Congress passed and the President Obama signed legislation a “pay-as-you-go” rule that requires expenditures to be paid for before passage. Senator Jim Bunning, Republican of Kentucky has halted passage of extension of jobless benefits to the nation’s unemployed until funding is allocated to pay for it. He criticizes both parties for failure to heed the call for fiscal responsibilities after last month they passed a bill designed implement a “pay-as-you-go” system. Unfortunately Congress violated the language of that bill.
It’s time for government at all levels to start getting our fiscal house in order, as we can’t keep on the track we are heading. The continuation of current reckless spending will have the nation in a train wreck where it will not recover from and hamper economic growth.
The states are facing the same train wreck as California is literally bankrupt and all Sacramento continues to do is more smoke and mirror accounting. All politicians are engaging in Enron style accounting, but they harshly criticize corporate America unsavory business practices that they themselves pursue for the nation.
The longer the irresponsible fiscal train is left on the track the nation’s economic well being will be imperil!
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