The Senate passed on Sunday a massive spending bill that wraps up $1.1 trillion of the $3.6 trillion annual budget for fiscal year 2010, which started Oct. 1. The House has already passed identical legislation, and President Obama has indicate he’d sign it. The 1,000-plus-page bill covers spending for the Departments of Education, State, Health and Human Services, Transportation and Housing and Urban Development, among others. In all, six of the 12 spending bills Congress is required to pass each year is folded into one measure that raises spending for its designated programs by an average of about 10 percent, or well above the inflation rate. The bill puts the government on track to create a $1.5 trillion deficit in annual spending projected by the Office of Management and Budget this past summer. Defense spending is the only appropriations bill remaining and is likely to get bipartisan support if it doesn’t include an amendment attached by Democrats to raise the debt ceiling by nearly $2 trillion. With unemployment being where it is and the job market being where it is and pork in spending bills being so obvious, what are your thoughts on this new spending plan? GO!
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