Leftist Boddhisatva

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Thursday, October 06, 2005

Ross Perot where are you?


The total National Debt is now $7,932,709,661,723.50. (via Brad DeLong)

Before George W. Bush we had budget surpluses and the federal government was well on its way to paying off the national debt. Even with the recession of 2000-2001 and September 11, sound fiscal policy would have kept the US in the black (or at most only dipping in the red). Instead, we have a reckless, fiscally malfeasant administration committed to a tax cut and spend policy which has destroyed the financial stability of this country and threatens economic catastrophy. Folks, the only thing keeping this ship sailing is the near universal belief that the United States is too big to sink.

There are so many things we should be doing as a nation instead of engaging in crony capitalism (i.e.: Halliburton) and engaging in unnecessary, fruitless, and expensive wars. For example we should be:
  • Catching bin-Laden.

  • Rebuilding Afghanistan (there's something of a civil war happening there, did you know?).

  • Investing in light rail, subways, and mass transportation.

  • Revolutionizing alternative fuels.

  • Reinvesting in cities.

  • Agreeing to the Kyoto accords in principle, if not on paper, and pushing for major changes in pollution in this country.
Just a few thoughts, really.

follow-up: Could Venezuala trigger a US currency melt-down?

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