Also
Just a few days after Barack Obama was elected President, George Soros
stated: “I think we need a large stimulus package which will provide funds for state and local government to maintain their budgets¯because they are not allowed by the constitution to run a deficit. For such a program to be successful, the federal government would need to provide hundreds of billions of dollars. In addition, another infrastructure program is necessary. In total, the cost would be in the 300 to 600 billion-dollar range....”
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Soon thereafter, as one of the first priorities of his presidency, Obama pressured Congress to pass a monumental $787 billion economic-stimulus bill whose text was 1,071 pages long¯and which few, if any, legislators read before voting on it. Obama stressed the urgency of passing this bill at the earliest possible moment, so as to forestall any further harm to the U.S. economy. Notably, the legislation
repealed numerous essentials of the 1996 welfare-reform bill against which George Soros had so strongly rebelled.
32 According to a
Heritage Foundation report, 32 percent of the new stimulus bill—or an average of $6,700 in “new means-tested welfare spending” for every poor person in the U.S.—was earmarked for social-welfare programs.
33 Such unprecedented levels of spending did not at all trouble Soros, who said: “At times of recession, running a budget deficit is highly desirable.”
34 In December 2009, Obama concurred again—outlining a set of new multibillion-dollar stimulus and jobs proposals while
explaining that America must continue to “spend our way out of this recession.”
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