So you voted for Bush because “he won’t raise taxes”. So far this has been true. He’s lowered lots of taxes for the extremely rich and hasn’t raised taxes on the middle class. However, he’s spending like a drunk sailer on leave. $200 billion in Iraq and growing, $100 billion for disaster relief and growing with no end in sight. None of this money was in the budget. Not a single penny. So where do you think it’s coming from? We borrow it. From who? China mostly these days. How much interest do you think we pay a year on $7 trillion each year? Well, my friend, about $385 billion. And we’re not paying on the principle.
Currently our national debt sits at about $7.9 trillion and it grows at a rate of about $45,000 per second.
You can bitch and moan all you want about Clinton and the hummers he got in the Oval Office, but at least he was doing something about it. Some of my friends joke that Clinton was the best Republican President the US ever had and, to some extent, I agree. Sure he was for gun control, but he balanced the budget and managed to actually pay on the principle of the national debt. He also scaled back the military and oversaw one of the largest economic booms in US history.
If that doesn’t warrant the occasional hummer from an intern I don’t know what does.
