The politics of fear would like us to believe that Obama will be a uber Socialist. He will nationalize healthcare and redistribute the wealth.
Yet, a case can be made that no emocrat president in recent times as done more to advance the cause of socialism than George W. Bush.
Sure, he has cut taxes, a not-too-difficult feat when your own party controls both houses of Congress. But spending? You really have to rub your eyes, smack yourself on the forehead and pour yourself a large gin and tonic.
Remember when conservatism meant fiscal responsibility? In a few years, few people will be able to. I used to write sentences that began with the phrase: “Not since Lyndon Johnson’s Great Society spending binge. . .” I can’t write that any more. Johnson — the guns and butter president of liberalism’s high-water mark — was actually more fiscally conservative than the current inhabitant of the White House. LBJ boosted domestic discretionary spending in inflationadjusted dollars by a mere 33.4%.
In five years, Bush has increased it 35.1%. And that’s before the costs for Katrina and Rita and the Medicare benefit kick in. Worse, this comes at a time when everyone concedes that we were facing a fiscal crunch before Bush started handing out dollar bills like a drunk at a strip club. With the looming retirement of America’s baby-boomers, the US needed to start saving, not spending; cutting, not expanding its spending habits.
The first excuse was the war. After 9/11 and a wobbly world economy, that was a decent excuse. Nobody doubted that the United States needed to spend money to beef up homeland security, avert deflation, overhaul national preparedness for a disaster, and fight a war on terror. But when Katrina revealed that, after pouring money into both homeland security and Louisiana’s infrastructure, there was still no co-ordinated plan to deal with catastrophe, a few foreheads furrowed.
Then there was the big increase in agricultural subsidies. Then the explosion in pork barrel spending. Then the biggest new entitlement since Lyndon Johnson, the Medicare drug benefit. Then a trip to Mars. When you add it all up, you get the simple, devastating fact that Bush, in a mere five years, has added $1.5 trillion to the national debt. The interest on that debt will soon add up to the cost of two Katrinas a year.
About the current financial bailout. If they say 800 billion it will really mean 1.6 trillion, at least. These debts are being passed on to soceity.
Now my children are being saddled with massive amounts of debt. If they want to nationalize businesses, why not start with the Federal reserve?
Why the fuck are we accepting 2% interest per year on George Bushes 15 trillion dollar and counting debt being paid to a private company?
McCain. Nope. Better the devil we don't know that the devil we know.
More of the same = national suicide.
Yet, a case can be made that no emocrat president in recent times as done more to advance the cause of socialism than George W. Bush.
Sure, he has cut taxes, a not-too-difficult feat when your own party controls both houses of Congress. But spending? You really have to rub your eyes, smack yourself on the forehead and pour yourself a large gin and tonic.
Remember when conservatism meant fiscal responsibility? In a few years, few people will be able to. I used to write sentences that began with the phrase: “Not since Lyndon Johnson’s Great Society spending binge. . .” I can’t write that any more. Johnson — the guns and butter president of liberalism’s high-water mark — was actually more fiscally conservative than the current inhabitant of the White House. LBJ boosted domestic discretionary spending in inflationadjusted dollars by a mere 33.4%.
In five years, Bush has increased it 35.1%. And that’s before the costs for Katrina and Rita and the Medicare benefit kick in. Worse, this comes at a time when everyone concedes that we were facing a fiscal crunch before Bush started handing out dollar bills like a drunk at a strip club. With the looming retirement of America’s baby-boomers, the US needed to start saving, not spending; cutting, not expanding its spending habits.
The first excuse was the war. After 9/11 and a wobbly world economy, that was a decent excuse. Nobody doubted that the United States needed to spend money to beef up homeland security, avert deflation, overhaul national preparedness for a disaster, and fight a war on terror. But when Katrina revealed that, after pouring money into both homeland security and Louisiana’s infrastructure, there was still no co-ordinated plan to deal with catastrophe, a few foreheads furrowed.
Then there was the big increase in agricultural subsidies. Then the explosion in pork barrel spending. Then the biggest new entitlement since Lyndon Johnson, the Medicare drug benefit. Then a trip to Mars. When you add it all up, you get the simple, devastating fact that Bush, in a mere five years, has added $1.5 trillion to the national debt. The interest on that debt will soon add up to the cost of two Katrinas a year.
About the current financial bailout. If they say 800 billion it will really mean 1.6 trillion, at least. These debts are being passed on to soceity.
Now my children are being saddled with massive amounts of debt. If they want to nationalize businesses, why not start with the Federal reserve?
Why the fuck are we accepting 2% interest per year on George Bushes 15 trillion dollar and counting debt being paid to a private company?
McCain. Nope. Better the devil we don't know that the devil we know.
More of the same = national suicide.
