Borrow and Spend Republicans

This is unbelievable. First  there is Bear Stearns ($30 billion) then Fannie Mae and Freddy Mac ($205 billion), now AIG ($80 billion). Throw in the $165 billion stimulus package and we are in hock to the tune of $480 billon just this year alone; and the year isn't over for another 3 months. All of money has to be borrowed, from guess who? China! What are these people thinking?

In the same breath, both Obama and McCain are talking about tax cuts. How are they going to pay for all of this. I think that over burdening the government with debt is part of the Republican plan to force smaller government. If we are using most of our tax revenues to pay off the national debt, there will not be enough left for so called discretionary spending. Actually, if we are not careful the interest will grow to a point where we will not be able to pay off the principle. It will become like Germany after WW I, where they needed a wheel barrow full of money to buy a loaf of bread. Can you spell hyperinflation?

Obama on the other hand probably has not thought of the consequences of all of this debt. He will be under extreme pressure to come across with the programs that he has been promising to his supporters. Already they are trying to make it over $500 billion by adding a $25 billion loan to the big three automakers.

It does not matter who wins, we are screwed no matter what.

PS Arrrg, I just found out that with other commitments, the bailouts are up over $800 billion!!!!!!! Does anyone want to try for $1 trillion????? Our politicians need some western justice: a tall tree and a short rope!