Senator Michael Bennet (D) Colorado held a town hall meeting Saturday, August 21 where he lamented the ineffectiveness of federal government spending:
Regarding spending during his time in office he said, “We have managed to acquire $13 trillion of debt on our balance sheet” and, “in my view we have nothing to show for it.” Speaking of the debt, he said our debt almost equals the economy. Regarding the current job situation, Bennet said the situation has been dire for over a decade saying, “We have created no net new jobs in the United States since 1998” which were the last two years of the Clinton administration. Pointing to a slide showing budget expenditures, he said that currently 65 percent of the budget was for social security, Medicaid and Medicare expenditures and that we could not grow our way out of debt
Before becoming a Senator, Mr. Bennet was a superintendent of Denver public schools. The history curriculum in that city must be crap, because if the Senator had any knowledge of the recent past, he would have recognized the almost exact same admission by FDR’s treasury secretary. Here is Secretary Henry Morgenthau’s 1939 confession to the Ways and Means Committee:
We have tried spending money. We are spending more than we have ever spent before and it does not work. And I have just one interest, and if I am wrong…somebody else can have my job. I want to see this country prosperous. I want to see people get a job. I want to see people get enough to eat. We have never made good on our promises…I say after eight years of this Administration we have just as much unemployment as when we started…And an enormous debt to boot!
It looks like the old adage is true: ‘Those who fail to learn from history are condemned to repeat it’
I guess knowledge of history is too much to ask from a former superintendent of schools. Maybe Mr. Bennet should take Secretary Morgenthau’s advice and get another job.
Source: http://www.greeleygazette.com/press/?p=5029
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