🚀 go-pugleaf

from
http://news.yahoo.com/news?tmpl=story&u=/ap/20041105/ap_on_go_pr_wh/bush_sticker_shock_4


We cannot create jobs fast enough, to pay for the budget deficit that
will emerge from the past election.  The party of big spenders, the
Republicans, are setting the stage for the biggest and potentially
most dangerous budget of all times.  It will come at a time when
demographics suggest that the earning power, spending ability, and
savings ability of consumers will shrink dramatically as the
population of the U.S. ages.  Deficit spending is like a cancer, it
grows and grows as those emboldened by the election  reward those who
voted for them.  In the 1960's it was the Democrats lead by President
Johnson, more lately however spending has been lead by the Republicans
including primarily Ronald Regan, and our current president.  It is
going to go from bad to worst.  The question is who will pay the
bills?  Higher interest charges, higher medical insurance costs,
higher energy prices, lower levels of income, and a declining dollar
are all hidden taxes that are rapidly increasing the cost of living. 
Those who believe inflation does not exist need to look at what the
average family is really paying in increased costs.  Over the next
four years the needy will become more needy and desperate, the middle
class will see their economic base deteriorate and the rich will be
relatively richer, with the exception of those who financial leverage
to create illiquid wealth.

President Bush has lofty ambitions, he is out to create his own
legacy.  His legacy and that of the current congress will most likely
be truly held by anyone from currently between the age of 1 and 55 who
have to pay the bills of spending gone wild.  Sooner or latter the
stock market will confront this folly, as the federal government
spends what we do not have, lowers taxes to reward the supporters of
elected officials, and removes our ability to fund infrastructure at
the local level.  Eventually collapse is inevitable.  Today the market
celebrates job creation, tomorrow or a year from now, it will have
face the reality of declining consumer consumption, and a possible
confluence of negative economic events that could lead us into a
lengthy downward spiral.

> On 1 Nov 2004 21:17:37 -0800, master_blaster100@lycos.com (Jon) wrote:
> 
> >You guys are missing the point.
> >
> >The question was, even if Bush isn't a conservative, and is "spending
> >money like a man with a week to live," why would Kerry be better?
> >
> >The answer is, Bush botched the war on Terrorism; he invaded
> >Afghanistan to get bin Laden, and failed to do so.
> >
> >Kerry couldn't *possibly* do worse-- Bush screwed up.
> >
> >But the main problem with Mr. Bush is that he screwed up the economy. 
> >He lost jobs-- an amazing feat that no president has done since the
> >depression up until Bush.  With the economy on a downturn, he
> >*increased* government spending.
> 
> 
> >Jonah Goldberg:
> >(http://www.washtimes.com/commentary/20030718-040025-1117r.htm )
> >"Among conservative journalists and activists, the disappointment in
> >the Bush Administration's, and the GOP congressional leadership's,
> >domestic policies is mounting daily.
> >    "On free trade, the president has proved less reliable than -
> >shudder - Bill Clinton. His acquiescence (i.e. capitulation) on
> >Medicare has been total, refusing to fight for significant free market
> >reforms while agreeing to shovel hundreds of billions of taxpayer
> >dollars for new entitlements.
> >    "In general, Bush has been spending money like a man with a week
> >to live. The GOP-led Congress deserves some blame, too. But even when
> >they overspend above his overspending, Bush refuses to use his veto
> >power. "
> >
> >The Republican led congress deserves more than "some" blame-- but
> >that's only to be expected.  When the administration and the congress
> >are from the same party, it's pig city on the budget.
> >
> >Or,  
> >http://www.fff.org/freedom/fd0312b.asp