What happens when you spend gadzillions of dollars and you don’t make any money? You go broke:
Treasury Secretary John W. Snow warned Congress on Monday that the federal government risked default without an increase in the debt limit and that the Republican-controlled Congress would soon be forced to address that issue.
This isn’t rocket science. The Treasury Secretary needs to hit up Beijing and Riyadh for some more money for guns. Meanwhile, the House Republicans have a plan to make the task of selling fiscal ruin to the American public more palatable:
House conservatives plan this week to propose an austere alternative spending plan that would pare more than $650 billion over five years, balance the budget and drastically shrink three cabinet agencies…
Senior aides say the conservatives’ plan would wring about $350 billion from Medicare, Medicaid and other social programs and save $300 billion partly through a major reorganization of the Education, Commerce and Energy Departments.
But no new taxes.
The new budget proposal is certain to be assailed by Democrats who accuse Republicans of forging ahead with tax cuts that benefit the affluent and add to the deficit while reducing support for those most in need.
“This president will have piled up more debt than all of the presidents preceding him,” Senator Kent Conrad of North Dakota, the senior Democrat on the Budget Committee, said Monday as he joined other Democrats in accusing Republicans of shortchanging domestic security.
This is BushCo. folks, not America…not anymore. Bill Clinton tried to enact universal health care and balance the budget. BushCo. has bankrupted the country, slashed health programs, and stole more money from our children than all previous Presidents combined managed to steal from our forebears.
The Bush administration, and their Congressional enablers, are nothing more than a gang of thieves. And I don’t care how many times they back you up in your hatred of gays, Mexicans, Arabs, dildos, and abortion, they are still not on your side. The Republican’s socially conservative base is being fleeced just as badly as the Democrat’s urban poor base.
War ain’t free, but for them…it pays.