Any true fiscal conservative with half a brain needs to be hanging an Obama sign in their window and sending in their campaign contribution.
Bush and our poor excuse for a Fed and Treasury are in the process of trying to increase the national debt by about 1.1 trillion, or about 18%, in just 3 months. That's money that the government owes to other world governments and investors, many of them in China and oil exporting countries. That debt is backed by tax payer dollars: you and me are collectively on the hook.
To give this a little more perspective, consider that the US Government, the largest economy in the world, took in $2.4 trillion tax revenue in 2006, and now has debts of what will soon be well over $10 trillion (in 2000, it was about $5.7 trillion, and had stopped growing due to Clinton's fiscal policies, until Bush passed his first budget). More than 20% of tax revenues are going to go towards paying just the interest on that debt, and all the while it is still growing. People wonder why the government can't seem to properly fund health care and education. Here's your answer: 20% of our tax dollars go to make interest payments.
And now, because of the blind eye towards regulation and common fiscal sense, we are taking on debt equal to nearly 1/2 of this year's tax revenues to give out to banks and investment companies that didn't have the sense to behave responsibly, so Bush and his pals are *giving* them *our* money! That isn't free market economics, that's corporate servitude. This administration is a lapdog to big business, and is more than happy to bite the american people over and over again.
If you think the republican party represents fiscal conservatives, I'll have some of whatever you're smoking.
Bush and our poor excuse for a Fed and Treasury are in the process of trying to increase the national debt by about 1.1 trillion, or about 18%, in just 3 months. That's money that the government owes to other world governments and investors, many of them in China and oil exporting countries. That debt is backed by tax payer dollars: you and me are collectively on the hook.
To give this a little more perspective, consider that the US Government, the largest economy in the world, took in $2.4 trillion tax revenue in 2006, and now has debts of what will soon be well over $10 trillion (in 2000, it was about $5.7 trillion, and had stopped growing due to Clinton's fiscal policies, until Bush passed his first budget). More than 20% of tax revenues are going to go towards paying just the interest on that debt, and all the while it is still growing. People wonder why the government can't seem to properly fund health care and education. Here's your answer: 20% of our tax dollars go to make interest payments.
And now, because of the blind eye towards regulation and common fiscal sense, we are taking on debt equal to nearly 1/2 of this year's tax revenues to give out to banks and investment companies that didn't have the sense to behave responsibly, so Bush and his pals are *giving* them *our* money! That isn't free market economics, that's corporate servitude. This administration is a lapdog to big business, and is more than happy to bite the american people over and over again.
If you think the republican party represents fiscal conservatives, I'll have some of whatever you're smoking.