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Edited on Tue Jan-10-06 01:16 PM by Festivito
Our tax dollars supplanted with about 25% borrowed money. Debt now over 8T$, GDP just over 11T$, Tax collection just over 2T$, yearly debt increase over .6T$.
The logic WAS that the 05-09 president would be the most hated. WRONG. Bush just increased the rate of borrowing. Like a guy living on 22,000 a year and borrows an additional 5,500 a year and lives like a guy making 27,500. His boss is impressed thinking he's only paid 22. (We're the boss.) Oh, and he's reducing his own salary according to some of the loudest of his bosses. (Fact is he owes 80,000 on the house, up from 60,000, and has not kept up repairs! Yikes!)
At some point, the interest payment will kill the borrowing plan. Something else might kill it first, e.g. China is reviewing our race to a train wreck and no longer trusting our dollars, OPEC might not trust our dollars, severe depression might hit, ...
The spin machine will blame Dems for: talking down the economy, impeaching Bush, taking over in '06 elections, taking over in '08 elections, if not by '08, the next RepubliCON president will borrow until it cannot borrow any more. Then the rich will branch their families to better countries with better investments. SS will go broke. We'll look like a rusty old Russian vessel. Some bright guy will figure out a new S-bomb out of Switzerland and world power will shift from nuclear, leaving us to wallow in a broken worthless infrastructure worse than the aftermath of an Armageddon.
Setup Schmetupp.
EDIT: needed to include yearly debt increase. (Usually called deficit, deficit seems to be only the projected budget shortfall failing to include non budget items like IRAQ. Sheesh. Yearly debt increase is not spun as easily.)
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