Sirotablog
David Sirota is a political journalist and nationally syndicated newspaper columnist at Creators Syndicate. David writes about political corruption, globalization and working-class economic issues often ignored by both of America's political parties.
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September 24, 2007 11:22 AM
$22 Billion Is Too Much, But $200 Billion Isn't
In George W. Bush's world, $22 billion is too much money, but $200 billion isn't.
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About David Sirota
David Sirota is a political journalist and nationally syndicated newspaper columnist at Creators Syndicate. He is the New York Times bestselling author of Hostile Takeover. He lives in Denver, Colorado. His daily blog can be found at CREDO Action. He contributes regularly to the Denver Post's Web site, is a senior editor at In These Times magazine and is working on his second book. He has been profiled in Newsweek and the Rocky Mountain News and is widely known for his reporting on political corruption, globalization and working-class economic issues often ignored by both of America's political parties. Sirota serves as co-chair of the Progressive States Network, a 501(c)3 organization that supports state legislators and that is a partner of CREDO.
You can subscribe to Sirota's e-mail newsletter by going to davidsirota.com and signing up in the lefthand corner. To find out more about Sirota, download his official biography or see his recent media appearances. You can e-mail him at sirota@credoaction.com.
The views expressed on this blog are his own, and do not necessarily represent the views of Working Assets (publisher of CREDO Action) or the institutions Sirota works for.
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Discussion
You folks realize Bush is just smearing the Democrats face in dog poo with this move. He's showing despite being a lame duck he's stronger and smarter than the Dumbocrats who oppose him.
$22 billion may be more than $200 billion, but the $200 billion is off-budget so it doesn't count, see? And Bush will easily succeed in putting off payment of the debt he's incurred (i.e. taxes yet to be paid) until well after he's left office. At some point in our future, grownups will need to finally raise taxes in order to reduce the skyrocketing debt, at which point those same grownups will be pilloried for raising taxes. Interest rates will likely have risen by then, which will increase the debt load even more. Like variable rate mortgages; borrow when rates are low and pay the piper when rates go up.
Since when, I wonder, is living on borrowed money a smart way to run a family, or a business, or a country?
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