Wednesday, December 26, 2007

You now owe nine trillion, 136 billion, four hundred and eighteen million, sixty-two thousand, 457 dollars and twenty nine cents. Thanks to this guy.

Hey, you want nightmares? Here’s a nightmare for you. Your share of the unpaid and growing national debt means that you or your heirs owe the IRS $30,000. Right now. Tomorrow it'll be worse. Matter of fact, it'll be worse by the time you finish reading this post.

The cause? Well, actually there are two causes – cutting taxes, and simultaneously firing up a war over nothing in Iraq. In other words, the two key features of the Bush conservative administration.

“Like a ticking time bomb, the national debt is an explosion waiting to happen. It's expanding by about $1.4 billion a day -- or nearly $1 million a minute,” said the Associated Press, in an article quoted in this revelatory horror story.
More from the nightmare tale:
"In short -- we're issuing debt like it's going out of style. That means the Bush's tax cuts were in fact tax deferments because they'll have to increase in order to pay for the spending for the last six years. It also means that further tax cuts should be off the table. It also means the further spending for new programs are off the table."
But do leading Republican presidential candidates get it? Nope. George Romney wants to make the Bush tax cuts permanent, while Rudy Giuliani wants even more of them.

That’s like trying to stave off foreclosure on the house by maxing out your credit cards.

But wait, it gets worse!

The "conservative" Bush financial policies are driving all of us into such a hole that foreign investors are snapping up – as if it's Halloween candy – all kinds of American property, American businesses, and the rights to control American technology. Others include investors in fairly undemocratic places like  Dubai, Saudi Arabia the UAR, Russia and China. Click here for an example.

That means those folks are gaining more and more control over everything from the water you drink, to tolls collected on some of the highways you may drive, to the Pentagon's supply chain, to the U.S. Government’s staggering debts. If those foreign investors ever call in their chits, friend, chances are you’ll be on a breadline the next morning.

Somewhere in a cave in Pakistan, Osama bin Laden must be thanking Allah for giving the United States the reign George Bush and the so-called conservative policies that are sabotaging everything we have.

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