Inflation and the signing of an Obama spending bill.

Today, Mr. Obama will sign into law a $42b state aid bill that, three days ago, was $30b. What happened? What most of America does not realize is the fact that after a bill has been approved by one of the houses of Congress, it can be changed almost at will in the "other" house. In this case, after fighting the battle in the House, the Senate took that bill and quitely added 12 billion dollars. Understand that NO MORE THAN TWO THIRDS of any bill's dollar amount ever gets to its designed assignment. How is that? It has to do with waste, fraud, outright theft, and administrative costs. We - Midknight Review - actually believe the total percentage of income loss, per bill, is much closer to 50% NOT INCLUDING INTEREST PAID ON MONIES BORROWED to fund a particular bill.

Point of post: the single strongest argument against spending and spending and spending is the waste, fraud, theft and so-called "administrative" costs that are a part any expense bill. Let's not forget the unmentioned add-on of interest paid for the monies borrowed to fund a particular bill. Of any bill, this country borrows approximately half of the funds for the bill from foreign sources or from itself.

Reform should begin with the collective of waste,fraud, theft, administrative costs and interest pay-outs. Literally, billions and billions could be saved if we began with this reform consideration.

With regard to the 42b dollar bill being signed into law, today -- less than 25B dollars will get to any particular agency needing the money. And the claim that this bill will supply half a million new jobs will never be revisited, tested or confirmed. It is just rhetoric and NOTHING more.