.comment-link {margin-left:.6em;}

Born at the Crest of the Empire

Tuesday, July 31, 2007

On the day President Bush took office, the national debt stood at $5.7 trillion.

Yesterday, Treasury Secretary Henry Paulson asked Congress to raise the current debt ceiling above its current $9 trillion level which is expected to be hit in October.

I want my money back.

Only $100 billion to go!

Despite all the hoopla about halving the deficit, the debt continues to grow at about $500 billion annually. Just wait until Iraq expenditures are figured into the budget instead of being considered "emergency spending."

Better yet, wait until a recession hits now that the flatter tax system is firmly in place.

By Praguetwin, at 12:16 PM
It's truly unbelievable to me that the Republicans are considered the "party of fiscal responsibility."

By mikevotes, at 1:18 PM
It seems they are doing all they can to shed that image.

By Praguetwin, at 2:08 PM
You're right. They are making a good effort, but somehow cutting taxes into ungodly deficit has come to mean responsibility.

By mikevotes, at 3:14 PM