“The alarm bells on our nation’s fiscal condition have now become a siren. The non-partisan Congressional Budget Office reports the deficit for this year alone is already nearly as high as the last five years—combined—and is only getting bigger. And, if anyone had any doubts that this burden on future generations is unsustainable, they’re gone. Spending, borrowing and debt are out of control. Even the President’s own advisors acknowledge that the deficit in the coming years will be trillions more than projected just a few months ago.
McConnell is right about the stimulus money: the sum was too vast for the Obama administration to spend quickly enough to actually stimulate the economy. Therefore, it's time to play Indian-giver and take the unspent money back.
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