Politics

Bennet says America has ‘nothing to show’ for stimulus debt

Michael Bennet, D-Colo,at a town hall meeting in Greeley last Saturday, Aug 21 said we had nothing to show for the debt incurred by the stimulus package and other expenditures calling the recession the worst since the Great Depression.

During his introductory remarks, Bennet criticized partisanship and praised local politics where people “don’t scream at each other all the time, they just try to get things done.” He then opened it up for questions for an hour. During the meeting, Bennet also downplayed his position as the incumbent saying, “I’m not a career politician; I’ve never run for office before.”

Regarding spending during his time in office he said, “We have managed to acquire $13 trillion of debt on our balance sheet” and, “in my view we have nothing to show for it.” Speaking of the debt, he said our debt almost equals the economy. Regarding the current job situation, Bennet said the situation has been dire for over a decade saying, “We have created no net new jobs in the United States since 1998” which were the last two years of the Clinton administration. Pointing to a slide showing budget expenditures, he said that currently 65 percent of the budget was for social security, Medicaid and Medicare expenditures and that we could not grow our way out of debt.

Full story: Bennet Says We Have Nothing to Show For All of Our Debt, Will Not Commit to Position on Card Check – Greeley Gazette

WATCH: OBAMA TALKS DEFICIT AND GROWTH

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  • dw

    Do democrats educate each other and that is why there is a common denominator of stupidity within their ranks? That is the only answer I can come up with.
    Or one other possibility…..They stop developing intellectually at the age of 16 or so.

  • Whit

    Even if the slot machine pays back 99 cents out of the dollar it will take all your wealth if you keep feeding it. The welfare state and farm subsidies that have been unnecessary and of no net help is such a slot machine but its efficiency is far lower than 99%. If we want to put our trust in debt what happens when the source of capital is exhausted. We all know how the credit card has ruined people that thought debt was income.

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  • Amazingoly

    Looking for your suitcase yet?

  • Hose A

    Is this Bennet’s re-election platform?

    At least if the Stimulus dollars had been printed as “ones”, you could use them to heat the water at the White House for a few years.

  • jdkchem

    You voted for it. Perhaps you should have put a little more thought and actually read the bills before you voted.

    • ojfl

      Also jdk, he helped shut the Republicans out of the debate. And now he complains about partisanship. These pols want to have it both ways.

      • rainmaker1145

        That’s a lie. He didn’t do that. He just wanted to be judged by his good intentions and not the consequences of his decisions and actions. Republicans didn’t deserve to be in the debate because…

        We’ll have to wait on that one… ;P

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