Obama is right; the Bush administration has been one of the most fiscally reckless administrations in American history. Obama pointed today, in particular, to the never-ending spending on the occupation of Iraq.
What is Obama’s antidote to these wrack and ruin policies that have given us deficits and an upward of $9 trillion in national debt, causing prices of all commodities, gas included, to soar?
Hussein’s solution is not to stop spending, but to spend that money AT HOME. What money? Didn’t you just say, Sir, that there is no money to spend?
Of course, “A debased dollar, price inflation, dwindling availability of seed capital, malinvestment and speculation (bubbles)—these are some of the consequences of the government’s promiscuous spending and inflationary practices.”
“The first stage on the road to recovery is to pinpoint the problem and take responsibility for it. You’ve spent more than you’ve produced and have switched to living on credit. Having exhausted your creditor’s good will, but not your insatiable appetites, you turn to counterfeiting cash in the basement—that’s where the U.S. finds itself today.”
“The second stage in getting solvent is to quit spending and borrowing, live within your means, and start paying down what you owe.”
Yet deficit spending is the centerpiece of Obama’s domestic policies.
And the band of fools plays on…
Update (June 11): On who ought to have the vote:
“A sizeable majority of the people ‘receives in disbursements more than it pays in taxes.’ The minority funding the orgy ‘pays in taxes more than it receives back in disbursements.’ The latter, not the former, should have the vote.”—ILANA (April 24, 2007)
&
“Taxpayers ought to have the vote, not so tax consumers. And that goes for politicians, who pay taxes out of what they loot from the taxpayer.”—ILANA (April 24, 2007)