Before even going to the White House yesterday with their purported compromise Wall Street bailout plan, Democratic leaders in Congress unveiled another $56 billion boost in the federal deficit.
This milking of the taxpayers included $7.5 billion in a $30 billion bailout plan for the auto industry. The rest would come in small economic stimilus checks for your home before Christmas -- a buying season that's predicted to be the worst in 15 years.
The Bush administration already proposes to raise the nation's debt ceiling to $11.3 trillion with its dead bailout plan. Adding just another $56 billion for the Dems is no big deal, they think.
CBSNews and Katie Couric asked a great question 10 days ago. After our government finishes bailing out every industry, who is going to bail out our government?
Perhaps the Chinese will buy up America, and Communism -- thought dead after the Berlin Wall fell -- will have ultimately triumphed over capitalism and our way of life. Can you hear Castro laughing?
History's a bitch, ain't it?
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment