Friday, November 19, 2004
The Same Old Story.
Bush signs debt ceiling increase into law - Nov. 19, 2004. Well, as CNN and numerous other media outlets are reporting the Radical Republicans in Congress and George Bush have raised the U.S. debt ceiling for the third year in a row. Interestingly enough we actually ran up against our debt ceiling sometime back in mid-October and have been raiding our "cash reserves" to keep things like the Iraq war going. Among the many questions we should be asking our elected officials, especially if they were at the Radical Republican convention in New York, is why a vote to increase the debt ceiling wasn't scheduled before the election? I mean if we ran out of credit back in October why did it take until late November to schedule a vote?
The Radical Republicans are trying to peddle the same old tired story about the 2001 recession, and 9/11, and the Iraq War, and maybe even Bill Clinton as being responsible for the rising debt. Anything but the failed policies of Georgie and the other Radical Republicans. So much for being the party of personal responsibility. This from CNN/Reuters:
So not only do we have an ever increasing national debt, but the Conference Board announced:
Bush signs debt ceiling increase into law - Nov. 19, 2004. Well, as CNN and numerous other media outlets are reporting the Radical Republicans in Congress and George Bush have raised the U.S. debt ceiling for the third year in a row. Interestingly enough we actually ran up against our debt ceiling sometime back in mid-October and have been raiding our "cash reserves" to keep things like the Iraq war going. Among the many questions we should be asking our elected officials, especially if they were at the Radical Republican convention in New York, is why a vote to increase the debt ceiling wasn't scheduled before the election? I mean if we ran out of credit back in October why did it take until late November to schedule a vote?
The Radical Republicans are trying to peddle the same old tired story about the 2001 recession, and 9/11, and the Iraq War, and maybe even Bill Clinton as being responsible for the rising debt. Anything but the failed policies of Georgie and the other Radical Republicans. So much for being the party of personal responsibility. This from CNN/Reuters:
Republicans say the 2001 recession and the costs of the wars in Iraq and Afghanistan as well as the aftermath of the Sept. 11 attacks are responsible for the fiscal shortfall.I'm really wondering when the national press, CNN especially, will stop printing Radical Republican talking points as news. That CNNMoney has only a wire story about this is indicative of how far CNN has fallen (not that it was ever really good or great).
So not only do we have an ever increasing national debt, but the Conference Board announced:
The leading index fell again in October, the fifth consecutive decline, and the weakness in recent months has become more widespread. The major contributors to October's decline were the real money supply, the interest rate spread, and consumer expectations.Let's review, our country is ruled by Radical Republican jackasses, we're in a War we can't win and which is turning large parts of the world violently against us, the terrorist we wanted captured "dead or alive" is footloose and fancy free, we're deeper in debt, and the economic miracles the Radical Republicans promised aren't materializing. Hmmm...maybe if we cut taxes on the rich some more...or maybe if we invade another country...or maybe if we bash some more gays...or...anyone...Bueller...Bueller....Bueller...