No... I believe the outlines of a 'plan' are visible:
Get through the election in '04, then run the printing press full tilt and inflate away as much debt as possible before bond buyers catch on.
Once they catch on - and start pushing long term interest rates up and choking off economic growth - then declare government social programs to be the 'one great evil' that must be slayed to reduce the deficit (Social Security, Medicare, Education, etc.)... ignoring all other bloated government transfer payments and wasteful spending (such as tariffs and special tax preferences supporting crony capitalism, massive transfer payments to old-line industries like Big Oil, Coal, Uranium... Interior Dept., Corps of Engineers, Agriculture Dept., DOD, HUD, Energy Dept., etc., etc.) |
