CFA Urges Members to Reject Omnibus Spending Bill

The package – which for the most part was crafted behind closed doors and wasn’t made available for public scrutiny until Monday of this week – contains a whopping $410 billion in spending, amounting to an over 8% increase over 2008 spending levels.  
 

It further contains more than 8,000 earmarks funding a multitude of questionable spending projects for which there will be no debate, as well as other disconcerting provisions.

On the heels of the passage of a trillion dollar spending and debt package under the guise of economic “stimulus,” which was preceded by a series of taxpayer-funded bailouts, now is the time to put an end to this fiscal profligacy that will force generations of taxpayers to foot the bill.

Should this bill be enacted, federal spending as a percentage of GDP will be at almost 30% – the highest level since 1945, when World War II was drawing to a close.