Tuesday, April 04, 2006
Tax (cut) and Spend Conservatives
"So rapid is the rise of the US national debt, that the last four digits of a giant digital signboard counting the moving total near New York’s Times Square move in seemingly random increments as they struggle to keep pace.
The clock’s owner, real estate developer Douglas Durst, knew such a problem could arise but hadn’t counted on it so soon. “We really expected it to be quite some time,” Durst said. “But now, with the pace of debt growth only increasing, we’re looking at maybe two years and certainly before President George W Bush leaves office in ’09,” he said. " (click here for more)
Read on for more of the f-ckery:
Bush’s Rhetoric on Family Incomes: Up = Down
“You Can’t Trust Republicans With Your Money”
Thanks to GOP, fiscal crisis on the horizon.
Bush Plan Would Raise Deficit by $1.2 Trillion, Budget Office Says.
"Unless the debt limit is raised or the Treasury Department takes authorized extraordinary actions, we will be unable to continue to finance government operations...." (click here to read more)
US trade deficit hits record high.
The Era of Massive Deficits Is Just Beginning.
"The Senate approved sweeping deficit-reduction legislation last night that would save about $35 billion over the next five years by cutting federal spending on prescription drugs, agriculture supports and student loans, while clamping down on fraud in the Medicaid program" (click here to read more)
Even the ultra-conservative Heritage Foundation says Bush's budgets are out of control.
Just The Facts: Tax Cuts For The Rich Don’t Help The Stock Market.
The Economic Policy Institute on what's wrong with the economy.
The US economy barely moved in Q4 - 1.1% growth from out first (Harvard) MBA president. Nice!
Working Americans ‘Still Can’t Afford To Eat....’
And "The number of starving Americans has risen rapidly since 2000, with children and old people suffering more than ever."
But Bush insists outsourcing to India has its benefits.
November 2006 - do the right thing.
