“Smaller Government”

It looks like our leadership has failed us again. “With the government facing imminent default because it has depleted its authority to borrow money, the debt limit bill would pump up the federal borrowing cap to $8.18 trillion. That is 70 percent the size of the entire U.S. economy, and more than $2.4 trillion higher than the debt Bush inherited upon taking office in 2001.” But I guess it’s easy to ignore the experts when you don’t have to worry about being re-elected. I love this line:

“Republicans said they were being responsible because the increased borrowing will let the government pay Social Security benefits and its other bills.”

Great, give money to those who were too stupid to save and give the bill to those of us who are already paying for two retirements. They also state they are going to use it to “pay other bills.” Doesn’t a loan payment count as a “bill”? At least Feingold and Kohl voted against it.

On a lighter note, I saw this humorous cartoon by Ted Rall.

• Link: Congress passes $800 billion debt limit hike

November 19th, 2004  Politics   Tags: cartoons, federal reserve, government, money, Politics, republicans, more...