Hoot
DP Veteran
- Joined
- Dec 8, 2004
- Messages
- 1,686
- Reaction score
- 18
- Location
- State of Confusion
- Gender
- Male
- Political Leaning
- Slightly Liberal
The following are notes I took from this weeks copy of U.S. News and World Report, generally regarded as the most non-partisan of the major news magazines.
Republicans be forwarned...it gets sickening....
First of all, Bush squandered the budget surplus in his first term.
David Walker, head of the non-partisan Government Accountability Office (GAO) states,
"The Federal Governments' obligations, current liabilities, and unfunded fiscal committments are over 43 trillion dollars and rising." ( That's a trillion with 12 zeros, that's right, 12 zeros!)
According to the GAO, it would take 75 years of DOUBLE DIGIT growth to pay off the current debt...impossible considering that during the DotCom boom of the 90's, growth averaged 3.2%.
The cost is even deeper because it excludes Bush's 2nd term which will add another 5 trillion to the deficit...
Making tax cuts permanent....1 trillion.
Privitizing Social Security...1.5 trillion the 1st decade, 3.5 trillion the 2nd decade.
Not to mention 10's of billions spent on military operations, and all of this spending is coming at a time when the Baby Boomers will be retiring, causing Social Security and Medicare to soar in cost!
Meanwhile, the President continues to lie and promise us he'll cut the deficit in half by 2009, but his numbers don't include the cost of his war and privitizing Social Security!
Meanwhile, Bush is eliminating 12% in elementary education programs, a 14% cut in Medicaid, 20% cut for clean water, Head Start is slashed by 3.3 billion and nutrional assistance to low income pregnant women will reduce the number covered by 740,000!
Yet, Bush increases high-way spending by 284 billion and the Farm Subsidy program which benefits conglomerate Agri-Corporations will hardly be touched!
Things get even worse when Bush leaves office...his prescription drug program jumps from 400 billion to 724 billion in the first decade!
Meanwhile, we've lost 9 billion dollars in Iraq and no one seems to know what happened?
Our debt is covered by nations like Japan and China who take our U.S. dollars and buy our U.S. stocks. With our dollar continuing to fall, if Japan and China pull out of our stock market, we will see a crash the likes of which will make a Charles ****ens character look like a lottery winner compared to what the citizens of the U.S. will be going through!
Bush has shown no capacity for financial self control, and has yet to veto a single spending bill that has crossed that desk in the oval office!
I grew up in a republican household and have served my country in the military, but if you blind conservatives cannot see the recklessness of this administration, then we're all doomed.
Bush is without a doubt, the worst president in the history of our nation.
Whatever happened to the "fiscally conservative" republicans?
I'm disgusted by this Congress and this administration and the legacy they're leaving for future generations.
And what is Congress doing about all this?
Investigating steriods in baseball, and arguing about whether a feeding tube should be removed from a brain dead woman...that's where our tax dollars are going.
It's a sad day for America.
Republicans be forwarned...it gets sickening....
First of all, Bush squandered the budget surplus in his first term.
David Walker, head of the non-partisan Government Accountability Office (GAO) states,
"The Federal Governments' obligations, current liabilities, and unfunded fiscal committments are over 43 trillion dollars and rising." ( That's a trillion with 12 zeros, that's right, 12 zeros!)
According to the GAO, it would take 75 years of DOUBLE DIGIT growth to pay off the current debt...impossible considering that during the DotCom boom of the 90's, growth averaged 3.2%.
The cost is even deeper because it excludes Bush's 2nd term which will add another 5 trillion to the deficit...
Making tax cuts permanent....1 trillion.
Privitizing Social Security...1.5 trillion the 1st decade, 3.5 trillion the 2nd decade.
Not to mention 10's of billions spent on military operations, and all of this spending is coming at a time when the Baby Boomers will be retiring, causing Social Security and Medicare to soar in cost!
Meanwhile, the President continues to lie and promise us he'll cut the deficit in half by 2009, but his numbers don't include the cost of his war and privitizing Social Security!
Meanwhile, Bush is eliminating 12% in elementary education programs, a 14% cut in Medicaid, 20% cut for clean water, Head Start is slashed by 3.3 billion and nutrional assistance to low income pregnant women will reduce the number covered by 740,000!
Yet, Bush increases high-way spending by 284 billion and the Farm Subsidy program which benefits conglomerate Agri-Corporations will hardly be touched!
Things get even worse when Bush leaves office...his prescription drug program jumps from 400 billion to 724 billion in the first decade!
Meanwhile, we've lost 9 billion dollars in Iraq and no one seems to know what happened?
Our debt is covered by nations like Japan and China who take our U.S. dollars and buy our U.S. stocks. With our dollar continuing to fall, if Japan and China pull out of our stock market, we will see a crash the likes of which will make a Charles ****ens character look like a lottery winner compared to what the citizens of the U.S. will be going through!
Bush has shown no capacity for financial self control, and has yet to veto a single spending bill that has crossed that desk in the oval office!
I grew up in a republican household and have served my country in the military, but if you blind conservatives cannot see the recklessness of this administration, then we're all doomed.
Bush is without a doubt, the worst president in the history of our nation.
Whatever happened to the "fiscally conservative" republicans?
I'm disgusted by this Congress and this administration and the legacy they're leaving for future generations.
And what is Congress doing about all this?
Investigating steriods in baseball, and arguing about whether a feeding tube should be removed from a brain dead woman...that's where our tax dollars are going.
It's a sad day for America.
