The Republicans continue their efforts to bankrupt the US, spending an all-time record high amount in March of 2006.
The previous record-holding month? February 2006.
Nice essay on how Dubya isn't a real conservative at all, on both financial and Constitutional issues.
The sad thing is that this should be plainly obvious to anyone.
It's not a good idea to let borrowers set their own spending limits. Unfortunately, that's just what the government gets to do. The Senate raised the spending limit, then prompty passed a gigantic budget that broke the previous limit they had just lifted.
The only Democrat to vote for it was from Louisiana, in return for a $10 billions payout. Five Republicans came to their senses and voted against it.
Some thoughts:
Senator Jim DeMint (R - South Carolina): "It is very disturbing, and it gives me a whole lot of heartburn. They want to go and say they are helping people, but we are not helping people when we are selling out their future."
Senator Harry Reid (D - Nevada): "I really do believe this man will go down as the worst president this country has ever had."
Senator Kent Conrad (D - North Dakota): "This thing is larded with debt."
Concise run-down of everything that's going wrong for the Republicans, including: approval ratings, the budget, the economy, energy costs, Katrina, Medicare, Homeland security, illegal domestic spying, Iraq, and terrorism and lack of stability in the Middle East.
Whew! Is there anything they haven't screwed up?
The recently passed budget bill is technically not law, as the House and Senate passed differing versions. (The difference was a typo, but not a totally meaningless typo.)
Republicans have no intention of bothering to re-pass it. They may lack the votes to do so, as the bill only passed in the House by a narrow margin of 216-214.
Dubya promised to cut the deficit in half before he left office. His current budget seems to do that, but only because he left a bunch of costs out.
As usual, the State of the Union address was full of lies and half-truths. Here's just a few of them.
Complete transcript of the State of the Union address. Mostly lies and empty rhetoric.
Here's an old classis: "On September the 11th, 2001, we found that problems originating in a failed and oppressive state 7,000 miles away could bring murder and destruction to our country."
Here's a new piece of insanity: "Tonight I ask you to pass legislation to prohibit the most egregious abuses of medical research: human cloning in all its forms; creating or implanting embryos for experiments; creating human-animal hybrids; and buying, selling or patenting human embryos."
Human-animal hybrids?
Real Conservatives think Dubya is full of crap.
Conservatives have played an important roles in US politics. They slow the rate of social change to a manageable rate. And they prevent over-spending on the budget. Republicans today aren't Conservatives. They're currently rolling back social change and they're spending money in amounts of which Liberals never dreamed.
The proposed Republican budget steals from the poor and gives to the rich. Why aren't more folks upset by this? Why, given their poor performance and current problems, are the Republicans still backing it? This article asks why.
The ultra-Conservative Heritage Foundation isn't fooled by Republican rhetoric. High taxes aren't the problem. Runaway spending by borrow-and-spend Republicans is the problem.
Excerpts from a book by Bruce Bartlett, a supply-side economist and Reagan fan, explaining how Clinton was a much better President than Dubya when it comes to the economy and government spending.
Of course, the only reason supply-side economics worked for Reagan is because he was the first to have the gall to try such a hare-brained scheme. A scheme for which we still haven't actually paid.
China is our loan shark. (Well, China and Japan.) They're the ones basically funding our deficit spending. Eventually, we'll borrow so much from them, we'll become bad credit risks and they'll stop extending us the credit. And then we're screwed.
Oops. Maybe not "eventually." Maybe now.
Since Reagan, Republicans have been preaching the doctrine of cutting taxes in the hopes that doing so will stimulate the economy to the point that overall tax revenue will still increase due to there being more income available to tax at the lower rate.
Guess what? It doesn't work!
(Big surprise. A quick look at the deficit would have told you that.)
Except from December 2nd, 2005 press briefing where National Economic Council Chairman Allan Hubbard shows that he has no idea of, nor concern about, the magnitude of the National Debt.
Delay blames massive Republican deficit spending on a war they started without cause and on Democrats, who haven't been in charge for a decade.
Good look at the massive US Debt spawned by continual Republican deficit spending. Lots of graphics.
In short, the Japanese own us.
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