Custom Search

Showing posts with label deficit. Show all posts
Showing posts with label deficit. Show all posts

Monday, July 18, 2011

political scenario

and speaking of political scenario......Republicans are said to be conservative. Democrats are said to be liberal. President Clinton is a Democrat and President Bush '43 is a Republican --- Upon leaving office Clinton left Bush '43 with a budget surplus that the Congressional Budget Office projected in January 2001, would entirely pay off the national debt before 2010. Still with me? --- Bush '43 and a Republican Congress added over $7 trillion to the deficit, by giving huge tax cuts to their fat-cat wealthy friends, and funding two trumped up wars, while further increasing the debt by at least $1.3 trillion in borrowed money - and in total raised the debt ceiling 7 times during the decade. It all came home to roost during the watch of Bush '43, with the great recession and financial meltdown in the Fall of 2008. Still with me? --- Now... given the above scenario, which by the way is easily verifiable, it would logically follow that the much touted conservative/liberal labels of the presidents and their respective parties have been completely reversed, leaving the political parties in a state of total disarray; which by the way, is precisely the state that they are in as of this date.......................

Friday, July 15, 2011

costly wars

and speaking of......costly wars. The following article perfectly reflects my sentiments concerning our continuing involvement in the two no-win wars and relentless meddling in the affairs of other sovereign nations. The article appeared as a Letter to the Editor in the Greensboro News & Record, July 15, 2011............ Costly Wars Contribute to Escalating Deficit --- Another Washington hoax. The so-called “debate” on reducing the $14 trillion debt is being used to cut vital programs of education, Medicare and Social Security. Any budget “deal” won’t end obscene tax breaks for the wealthy or massive corporate tax loopholes that enable many corporations to pay no taxes.Meanwhile, what is the true monetary cost of the wars in Iraq, Afghanistan and Pakistan? President Obama proclaimed that the wars have cost $1 trillion.

A recent nonpartisan study from Brown University puts the cost of the wars at $4 trillion, plus another $1 trillion of interest for this war debt.

Starting with Republican Bush and continuing with Democrat Obama, the government has invaded sovereign countries to defend U.S. oil companies. These criminal wars, based on lies, inflict unspeakable crimes against other peoples. The same study estimates 225,000 (mostly civilians) killed by direct conflict and 7.8 million displaced. Now the war comes home through austerity programs directed at workers, the poor, the elderly and the young as bailed-out Wall Street laughs all the way to the bank.

Mark Dimondstein
Greensboro, NC