They are so sure Obama is going to win with runaway Democrat majorities in the House and Senate they have let the cat out of the bag on their plans. They are stunning to say the least. Here is what Barney Frank(D), one of the architects of the financial mess, had to say, thanks to KJ Lopez at The Corner. They want 4 trillion in new spending and they are going to come after your pocketbook, your company's and the deceased to pay for it.
From The Hill:
Rep. Barney Frank (D-Mass.) said Democrats will push for a stimulus package after the November election, and called for a package reducing defense spending by 25 percent while saying Congress will "eventually" raise taxes.
Frank told the editorial board of the SouthCoast Standard-Times that he wanted to reduce defense spending by a quarter, meaning the United States would have to withdraw from Iraq sooner.
"The people of Iraq want us out, and we want to stay over their objection," he said. "It's extraordinary."
Frank also said the post-election stimulus package will focus on spending for building projects, extending unemployment benefits, and further supporting states' healthcare costs. "We'll have to raise taxes ultimately," Frank said. "Not now, but eventually." Frank told the Standard-Times that if Democrats cannot secure the votes they need in November, they will try again in January, when they will likely have stronger majorities in the House and Senate.
Frank, the Chairman of the House Financial Services Committee, was an instrumental figure in engineering the bailout legislation to the U.S. financial industry, and indicated a new package may seek to ameliorate fears about investing. "The psychological problem is even worse than the real problem," Frank said.
Cutting defense spending by 25% meshes nicely with Obama's plans to unilaterally disarm the US, stop spending on missile defense and not weaponize space while China, Russia and Iran do otherwise. To top that off they want to use that money to create a massive new bureaucracy in DC, a Dept. of Peace, Andy McCarthy reports on that. It sounds like someting Code Pink would like,ugh.
The DC Examiner reminds us that already proposed in the House (HR 808) is the creation of a new, multi-billion dollar, cabinet-level monstrosity: The Department of Peace & Non-Violence. (Thanks to Dr. Andy Bostom for calling this to my attention.)
The DPN-V would house such vital new agencies as The Office of Peace Education & Training, the Office of Domestic Peace Activities, the Office of International Peace Activities, the Office of Technology for Peace, the Office of Arms Control and Disarmament (ACM — notwithstanding that Barnie seems to have that covered already), the Office of Peaceful Co-Existence and Non-Violent Conflict Resolution, and, of course, the Office of Human Rights and Economic Rights. (Emphasis added.)
This, natch, is separate and apart from Wage Insurance (aka "Spreading the Wealth"), Obama's proposed Global Poverty Act (aka Spreading the Wealth to the Globe through the UN), tax relief for oppressed classes such as trial lawyers (aka Spreading More Wealth to Top Democrat Donors); and gasoline subsidies (aka Spreading the Wealth to America's enemies who are hurting now that oil is down to about $60/barrel).
They are also talking about ending 401K plans and instead forcing people into yet another government program that would tale 5% of you income and putting it a government account for you that would return 3% in interest, they have done so well managing Social Security after all.