Thursday, September 22, 2005


Yes, I'm about to bash this administration again.
I've been reading more news on this administration's -- and indeed -- the Republican Congress' response to Katrina. It involves throwing billions of tax dollars to rebuild the city and help folks in need. Great... But where is all this money going to come from?
The president says spending cuts... yeah right... Just like his tax cuts would be paid for by spending cuts and economic growth. Didn't we hear that refrain back in the 80's under Reagan? It didn't work then, it hasn't worked now, and the country is bleed both red ink and the blood of our soldiers overseas under this buffoon.
Katrina was a natural disaster. You'd expect the response for an unforeseen event to cause our leadership to 'change course', come up with some new ideas and find a way to solve the problem that doesn't include selling more bonds to China and Japan (one way that we finance our debt).
Currently, 8% of the federal budget goes toward interest on the debt... I wonder what it'll be when this guy leaves office?
I don't know about you, but I'm ready for some thinking, innovative leadership. Stay the course is as likely to work here at home as the strategy does overseas.


Intellectual Insurgent said...

I wrote a post on the same topic today. It is insane what is going on. The Administration is a teenager with a credit card.

Intellectual Insurgent said...

Oh yeah, you should read China, Inc. by Ted Fishman. It is a wealth of information about China's push for superpowerdom.