Monday, September 19, 2005

Thank You Bill Clinton

"What Americans need to understand is that ... every single day of the year, our government goes into the market and borrows money from other countries to finance Iraq, Afganistan, Katrina, and our tax cuts...We depend on Japan, China, the United Kingdom, Saudi Arabia, and Korea primarily to basically loan us money every day of the year to cover my tax cut and these conflicts and Katrina. I don't think it makes any sense." -Bill Clinton, Sunday, 19 September 2005

Clinton is referring to the skyrocketing defecit, which was the largest surplus in history when he left office. Frivilous war and now absolutely horrible planning threatens to make the US Economy completely untenable, and Republicans still want to cut taxes while Katrina threatens to double the defecit, which is already larger than the defecit has ever been.

Oh, by the way, Senator Bill Frist is championing a resolution to abolish the Estate Tax, which affects only the wealthiest 1% of the country yet woulc cost the government over $70 billion. Presidnet Bush is very in favor of this bill. Considering that Katrina threatens to cost use more than $100 billion, I think that this owuld jsut be one step closer to crippling the economy. Meanwhile, the wealthy elite continue to bare the lightest tax burden while we, the middle class, continue to suffer from the extravagance of the government and the elite class.

I urge you to write Mr. Frist and let him know how you feel about this.

Sigh...I just can't help but wonder if these people have ever cracked open a history book. Untenable finances, overwhelming foreign debt, a hedonistic upper class not paying their fair share, the forcing of the financial debt on the poor and middle class...This is beginning to look an awful lot like what caused the French Revolution.

I'm all about change, but I like my head where it is, thank you.

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