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"To announce that there must be no criticism of the president, or that we are to stand by the president, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public." Theodore Roosevelt


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Friday, September 16, 2005

Bushenomics

Hell, let our grandchildren pay for it...
President Bush on Friday ruled out raising taxes to pay the massive costs of Gulf Coast reconstruction, saying other government spending must be cut to pay for a recovery effort expected to swell the national debt by $200 billion or more. [...] Congress already has approved $62 billion for the disaster, but that is expected to run out next month and require another budget-busting installment. The federal deficit was projected at $333 billion for the current year before the storm slammed into the Gulf Coast more than two weeks ago. Some fiscal conservatives are expressing alarm at the prospect of such massive federal outlays without cutting other spending. "It is inexcusable for the White House and Congress to not even make the effort to find at least some offsets to this new spending," said Sen. Tom Coburn, R-Okla. Bush, who declined to try to put a price tag on the costs, expressed no worry.

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