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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: T L Comiskey who wrote (64659)	10/31/2004 3:56:22 PM
From: Mannie	Read Replies (1) \| Respond to of 89467

That is an excellent piece, Tim. Talk about a flip flopper and someone that will say anything to get elected... The idea that W is a man of conviction and vision is a joke. He is a complete failure..wake up people, eliminate the problem child.

To: T L Comiskey who wrote (64659)	10/31/2004 7:36:10 PM
From: Rarebird	Respond to of 89467

<Since Mr. Bush took office, the federal debt has increased by $2.1 trillion, or 40 percent.> The Congressional Budget Office projects additional debt of $US 5.7 TRILLION over the next ten years if President Bush's 2005 budget is enacted. Currently the US federal debt is stuck right at the official debt ceiling of $US 7.384 TRILLION. If an additional $US 5.7 TRILLION is to be added over the next ten years, the total comes to just under $US 13.1 TRILLION in federal funded debt. The US federal government on this fiscal trajectory is CERTAIN to go broke. That being the case, it cannot be depended on to "help" anyone in the US civil society. Instead, Americans should regard this as an approaching personal danger. Once Japan and China decide to no longer fund the US Treasury to the enormous extent they have for the past three years or so, then the US federal government will either have to raise taxes to draconian levels and/or send its new bonds over to the Federal Reserve to be monetized. That would explode the quantity of US Dollars in circulation and, since the quantity of economic goods will be advancing slowly if at all, the prices for all these goods will explode upwards.