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Originally posted by yadboy
Bush is trying to get congress to above a new line-item veto bill...
I'm sure this is suppose to make me feel all warm and fuzzy, but all I see is a partisan congress going round and round in circles getting absolutely nothing done. Heck, he would probably take out the good parts of the bills, and try to push through all the pork!
Originally posted by forestlady
Trouble is, we actually passed our debt ceiling about 4 to 6 weeks ago. How have we been paying the bills since then??
..unlike Nixon's crew, Bush&Co. seem willing to take the country down with them, so desperate are they to hold onto power, deplete the treasury, pay off their corporate friends, carry out their ideological revolution -- and keep themselves out of the federal slammer.
The crimes of the Bush Administration are so many and varied that none of us should be surprised by anything that might happen in the coming weeks and months: Bin Laden captured or reported killed, a U.S.-Israeli air assault on Iran's nuclear facilities, a major terrorist attack inside the U.S. to be followed by martial law, the announcement of a bird-flu outbreak with the military placed in charge. I'm pretty level-headed and don't usually think in these dire terms, but these guys have backed themselves into a tight political corner and are desperate -- and dangerous.
EVEN WALL ST. IS TALKING IMPEACHMENT
All those defections from the Bush orbit are doing great damage to the once-unified Bush&Co. juggernaut, but I've left out one key one: Wall Street. The titans of finance are agitated, to the point of raising the awareness of the possibility of impeachment or even urging serious consideration of Bush's removal. ...The administration is saying the president has unlimited authority to order wiretaps in the pursuit of foreign terrorists, and that the Congress has no power to overrule him...Perhaps they were researched in a Star Chamber? Putting the president above the Congress is an invitation to tyranny.
So, friends, when we're down in the dumps, depressed by the fact that Bush&Co. are still in power even in the face of all their lies and bumblings and policies that result in thousands of people getting killed and maimed and tortured, let us consider that even their once-loyal rats are deserting the sinking ship of state.
Originally posted by soficrow
Conservatives Are Jumping Ship: Bush Is Going Down
Bush, Congress Make a Farce of the Debt Ceiling
The reality is that taxes and spending are badly out of whack, and hardly anyone -- certainly neither President George W. Bush nor Vice President Richard Cheney -- wants to admit it. If the White House won't acknowledge what's happening, why should an ordinary member of Congress?
Instead, Bush continues to push Congress to extend earlier tax cuts that lowered the maximum personal income tax rate on dividends and long-term capital gains to 15 percent. Those cuts are set to expire at year-end.
America’s Debt Ceiling: A Dangerous Shell Game
“Hence the American dilemma,” says Denning. “How do you convince lenders to lend when you can’t even obey your own laws about spending limits? It’s one thing to sell short-term debt with a respectable yield, but who will be willing to hold any American obligations – short or long term – as the nation’s financing needs grow larger relative to its productivity?”
Originally posted by deltaboy
You guys talk like Bush was responsible for this multitrillion dollar debt, when we have this debt ages ago, pretty much all the way back to the Civil war, after we had zero debt for awhile prior to the Civil War.
Perhaps most alarming, Bush has created a larger governmental debt in five years than all the previous U.S. administrations added together - from the time of George Washington to Bill Clinton. source
The national savings rate for Americans is at its lowest point since the Great Depression, yet 78 million Americans will retire in the next 20 years.
We consume more than we produce and we import more than we export, but is that the American people’s fault?