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What Will We Tell The Grandkids?
BUZZFLASH
READER COMMENTARY
by Dan
DeLisio
Dear BuzzFlash,
We live in record setting times!!!!!! Except these are the types of records that our grandchildren will be cursing us for mightily since they will be bearing the full brunt of the tab of Bush's country club bash for his buddies. Because of Junior's reckless borrow and spend policies to finance his reverse "Robber Hood" raids on the Treasury, the government is going to have to borrow the MOST money this quarter than it has ever had to do since they began keeping records of this statistic.
(http://boston.com/dailynews/034/economy/
Government_expected_to_borrow_:.shtml).
Keep in mind this borrowing figure does not even begin to take into account the cost of the coming war and the cost of his new round of tax giveaways to the wealthy.
Funny I didn't hear much about this major overcharge of the public credit card in the so-called "liberal media," nor from the parade of Bush shills that went to Capitol Hill jauntily chirping about the need to have even more TAX CUTS so that we can pour a big old barrel of Texas crude on the debt fire that is consuming our economic vitality and thereby add to the Kafkaesque insanity that has become our budgetary process.
It is interesting to note that once you go to work for the Bush Administration you are evidently deprogrammed of your former capacity for rational thought. This explains the sudden embrace of that old time "supply side religion" by current Treasury Secretary/Shill extraordinaire John Snow, who once stated that "A balanced federal budget is the best choice to ensure a bright future for the nation's economy, American workers, consumers and taxpayers--and most of all, for future generations."
(http://www.wvgazette.com/news/Editorials/200212122)
Snow now happily testifies under oath that the current explosion of the deficit is "modest" and "unavoidable" due to "critical national needs," the most critical apparently being the pressing need to further lighten the tax burden on all those terribly overtaxed, wealthy dividend recipients.
(http://reuters.com/financeNewsArticle.jhtml?type=bondsNews&storyID=2168424).
In now toeing the party line, as a good spear carrying, Rovian foot soldier, he has certainly done much to allay the concerns of conservatives that he would be too concerned about deficit reduction at the expense of the almighty, sacred tax cuts.
(http://www.usatoday.com/news/washington/2002-12-10-econ-team_x.htm)
His new reprogrammed economic motto is obviously " Don't worry, be Happy!" He has "seen the light!" Too bad its the light of the runaway freight train of fiscal irresponsibility coming the other direction through the dark tunnel of Bushonomics, while our economic future and the future of our grandkids is tied to the tracks.
Since the Bush administration is, in the words of noted economist Paul Krugman, like "a drunk hitting the bottle" when it comes to its addiction to runaway deficits (http://www.abs-cbnnews.com/abs_news_body.asp?section=Opinion&oid=13720) no matter what their true cost to the nation, this sorry borrowing record is one which looks to be broken many times in the years ahead.
What will we tell the grandkids?
Dan DeLisio
BUZZFLASH
READER COMMENTARY
Articles in the BuzzFlash Contributor section are posted as-is. Given the timeliness of some Contributor articles, BuzzFlash cannot verify or guarantee the accuracy of every word. We strive to correct inaccuracies when they are brought to our attention.
