April 16, 2006

Record Deficit

The Dark Wraith does it again, with charts and graphs and everything (oh my!):

If any hope can be found in this multi-year federal budget catastrophe, it is in the growing possibility that the scandals now engulfing the Bush Administration and its Republican allies in Congress will lead to a voter backlash at the polls in November of this year, at which time the Democrats could return to power in both the House of Representatives and in the Senate. Although the prospects for subsequent impeachment of President Bush and Vice President Cheney are rather remote, the American electorate will have the opportunity in November of 2008 to remove from the White House the fiscally reckless Republicans and replace them with Democrats who can once again, as they did in the 1990s, rescue the nation from the consequences that are the consistent legacy of Republican Administrations.

The Dark Wraith will share with many other Americans the hope that our collective handbasket will not have reached its destination before that glad time arrives.

It's worth a read.

Posted by binky at April 16, 2006 12:52 PM | TrackBack | Posted to Economics


Comments

Of course the poli sci lit is pretty clear on the point that divided government is good for fighting budget deficits (so vote for Democrats in the congressional races this fall) - but quite apart from partisan/governmental structure reasons for the deficit, the level at which this president seems to love deficits - well, it seems to exceed anything tied to that. Fiscal stability and the future welfare of your kids (or you yourself in your retirement years) be damned - he's a man who just can't get enough of big government spending.

Posted by: Armand at April 16, 2006 03:53 PM | PERMALINK
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