Pennsylvania Jim
New Member
"Ridiculous, reckless, and completely out of control, that's the only way to describe the Bush administration's irresponsible handling of our indebtedness and our future finances.
In fiscal 2003, we went $555 billion further in debt. In the first month of the new fiscal year, October, we went another $89.4 billion in debt. That's borrowing at the rate of three billion ($2,880 million) a day, weekends included.
It was just six months ago that Congress raised the national debt limit a trillion dollars ($984 billion) and, at the rate we're going, we will hit the new limit of $7.4 trillion by May of 2004.
After years of discussion and debate, it was in November of 1997, with a great deal of fanfare and hoopla, that Congress passed and President Clinton signed the Balanced Budget Act. This new law specifically stated that the federal government would be able to live within its means (tax receipts) by the year 2003. Isn't that a kick?
Instead, we've gone $1.37 trillion deeper in debt during the last five years and the Bush administration will double that figure before the end of the next calendar year.
Are we supposed to let this slide off our backs like other lies from the government? Are we supposed to believe that the richest nation in the world can borrow itself into victory and prosperity? Are we supposed to sit back and except the fact that our children and grandchildren will owe their souls to the company store?
Worst of all, are we supposed to accept the idea that an elusive caveman who needs constant dialysis treatment can direct activities that put the world's most technically advanced nation into an economic tailspin? Are we that vulnerable and gullible, especially when he is probably after our mean and misguided leadership, the New World Odor, and not the people or symbols of this once great nation? Is this what the "age of information" has taught us?"
From: http://etherzone.com/2003/henr111203.shtml
In fiscal 2003, we went $555 billion further in debt. In the first month of the new fiscal year, October, we went another $89.4 billion in debt. That's borrowing at the rate of three billion ($2,880 million) a day, weekends included.
It was just six months ago that Congress raised the national debt limit a trillion dollars ($984 billion) and, at the rate we're going, we will hit the new limit of $7.4 trillion by May of 2004.
After years of discussion and debate, it was in November of 1997, with a great deal of fanfare and hoopla, that Congress passed and President Clinton signed the Balanced Budget Act. This new law specifically stated that the federal government would be able to live within its means (tax receipts) by the year 2003. Isn't that a kick?
Instead, we've gone $1.37 trillion deeper in debt during the last five years and the Bush administration will double that figure before the end of the next calendar year.
Are we supposed to let this slide off our backs like other lies from the government? Are we supposed to believe that the richest nation in the world can borrow itself into victory and prosperity? Are we supposed to sit back and except the fact that our children and grandchildren will owe their souls to the company store?
Worst of all, are we supposed to accept the idea that an elusive caveman who needs constant dialysis treatment can direct activities that put the world's most technically advanced nation into an economic tailspin? Are we that vulnerable and gullible, especially when he is probably after our mean and misguided leadership, the New World Odor, and not the people or symbols of this once great nation? Is this what the "age of information" has taught us?"
From: http://etherzone.com/2003/henr111203.shtml
