It absolutely does. But the thing I am saying on this Federal Reserve spending is that neither Senator nor President Obama has spoken out against that. He embraced the TARP bill, the Wall Street bailout, with both arms. That is $700 billion. Then there was $410 billion for the omnibus spending bill. And then, as you pointed out, $800 billion for the stimulus bill. Now he is proposing $950 billion for this government health care plan. And yet he still says that he wants to reduce spending. I'm on the Agriculture Committee. We had a hearing today with the Secretary. I think the Secretary is a very decent Secretary. But the proposal of the administration is to freeze agricultural spending. Agricultural spending has gone up 26 percent since 2007.
Jack Kingston: “It absolutely does. But the thing I am saying on this Federal Reserve spending is that neither Senator nor President…”
On the recordFebruary 24, 2010
Editor's note · Context
The speaker criticizes federal spending and the administration's proposed budget cuts.
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