“You know, if you let me write $200 billion worth of hot checks every year, I could give you an illusion of prosperity, too.”
- Lloyd Bentsen, 1988
The universal diss against Democrats is that they “Tax and spend”. Thank goodness for the Republicans who cut taxes! And if any Democrat opposes them, they can plant their feet resolutely and demand; “Are you willing to make Bush’s tax cuts permanent, or NOT?”
Only trouble is, Bush’s tax cuts are fake. As long as we keep spending vastly more than we are taking in, we’re heading for disaster. So says America’s ‘Accountant In Chief’, the head of the GAO, David M. Walker.
We. Are. Headed. For. Disaster. Deficit spending will destroy our economy. Thanks for the big favor, mister president.
At least with “Tax and spend” the transaction is done. You taxed, you spent, that’s it. Well, not really ‘it’. The money didn’t disappear from existence; it went back into the economy. Some government programs actually do some good, too. OK not many, but some.
Not so with “Borrow and spend”. When you borrow money, you have to pay it back someday under conditions of compound interest. This is just as true for governments as it is for individuals. Bush’s tax cuts just push off the taxes to our children. By then, interest will be the bulk of the federal budget.
It’s no use whining about Democrats – it’s been a Republican shop for six years now. House, Senate, President – it’s all yours. Our president never vetoes any spending. But “borrow and spend” is a bigger threat to our country than Al Queda could ever think of being. So when i talk about Bush being a threat to our country, I mean it; absolutely, literally, in the most direct sense. He and his band of borrow-and-spend so-called “conservatives” are on-track to destroy our country.
Only thing I can’t figure out is how the Democrats were too dumb to come up with the phrase “borrow and spend” a long time ago. It’s been obvious to me for years. And now it’s official.