Transition to a debtor state
29 08 11 - 04:58
From a now-prophetic blog:
* President Bush expanded the federal budget by a historic $700 billion through 2008. President Obama would add another $1 trillion.
* President Bush began a string of expensive finanÂcial bailouts. President Obama is accelerating that course.
* President Bush created a Medicare drug entitleÂment that will cost an estimated $800 billion in its first decade. President Obama has proposed a $634 billion down payment on a new governÂment health care fund.
* President Bush increased federal education spending 58 percent faster than inflation. PresiÂdent Obama would double it.
* President Bush became the first President to spend 3 percent of GDP on federal antipoverty programs. President Obama has already inÂcreased this spending by 20 percent.
* President Bush tilted the income tax burden more toward upper-income taxpayers. President Obama would continue that trend.
* President Bush presided over a $2.5 trillion increase in the public debt through 2008. Setting aside 2009 (for which Presidents Bush and Obama share responsibility for an additional $2.6 trillion in public debt), President Obamaâs budget would add $4.9 trillion in public debt from the beginning of 2010 through 2016. - Heritage
The source is a neocon/palecon hybrid blog, citing from the Washington Post. Read that clearly: conservative source citing liberal source.
The point is that instead of paying our money forward, we're paying it backward -- we're using our future investment to subsidize the failures and glitches of the past.
Thanks to a bastardized interpretation of Christian morality and liberalism, we're pandering to the lowest common denominator. It costs nothing, except our future.
All those who disagree are motivated by one simple factor: social power. They want to have control over others, and one way to do that is to appear altruistic and thus gain a rise in social status.
Pigs.
two comments
>conservative
>liberal
Who gives a fuck? The only thing that matters is the truth. Conservatives are scumbags, enjoy your corporate slavery. Corporation Pull-In - 29-08-’11 06:35