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February 17, 2009
Vol. 4, No. 7
Democrats in Congress have made a $1.14 trillion bet on big government.
With less than 48 hours notice, they passed a 1,073 - page collection of special interest spending and dared to call it a "plan."
With interest, the $787 billion bill will cost us, our children and their children about $1.14 trillion. That works out to about $30,000 in new debt for each American household. Worse, Rep. Paul Ryan (R-WI) asked the Congressional Budget Office to estimate the cost of permanently extending the twenty most popular provisions in the bill. The cost? $3.27 trillion. (Continued Below)
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We've seen Washington bet on big government and big bureaucracy over the American people before. In each case these bets have failed. And when this latest wager fails, America will need a plan.
I'm writing today to tell you about such a plan.
The Bush-Obama Spending Frenzy, Part IV
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The first three parts of the Bush-Obama Spending Frenzy were on President Bush's watch.Click here to continue reading Newt Gingrich's column
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