Sunday, September 16, 2007

Alan Greenspan's deconstruction of Bush's fiscal policy



" 'They (the GOP) swapped principle for power. They ended up with neither. They deserved to lose' in the 2006 election, when they lost control of the House and Senate." - Alan Greenspan, NYT


The GOP abandoned its principles of fiscal conservatism and spent tax-payer money like a bunch of sailors on liberty in the Phillipines, at least when we still had a base there. And Bush never saw a GOP spending bill that he didn't like. Of course, Chimpy's dirty little war in Iraq didn't help matters any either. The total costs of the war, at least to this point are expected to exceed $2 trillion...Yes boys and girls, that's TRILLION.

And, of course, Chimpy, in order to finance the war has borrowed heavily from foreign nations in order to finance it. Never mind that some of those nations don't exactly have America's best interests at heart, which opens a whole can of worms with regard to national security. Of course the responsible thing to do would have been to eliminate Chimpy's tax cuts, and raise taxes to pay for the war, rather than foisting the burden onto future generations.

But that's what Chimpy McPresident is best at...Kicking the can down the road...passing the problem on for someone else to clean up. He's been doing it his whole life, only this time, Poppy can't quietly hush things up with a little cash to quiet the squeaky wheels and make records disappear. To many have witnessed and documented the trail of wreckage of the Bush administration has left in its wake. We'll be left trying to clean up this mess for decades, maybe even generations, to come, while Chimpy tries to skate off and wash his hands of it. But that much blood leaves an indelible stain.