New Debt Record - $76 Billion By Ed Henry -- Price of Liberty
02/09/12
New Debt Record - $76 Billion
By Ed Henry

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October 28, 2005

Go George, go. Set a new record in borrowing us to the moon – into oblivion. No one will notice. They’re all too busy with Plamegate, Delaygate, Fristgate, and your latest long term acquaintance pick for the Supreme Court, plus hoping that hurricane “Wilma” can’t possibly hit New Orleans which, in a sick sort of way, could even be something of a blessing since the city is already evacuated and in ruins.

After successfully holding back and stalling through all of last month and ending the fiscal year with only a $553.6 billion overall increase in debt for fiscal 2005, you can now go whole hog and make up for lost time by really socking it to the nation in the first month of the new 2006 fiscal year. If you can borrow $76 billion in the first twenty days of this month, you certainly ought to be able to top $100 billion in the eleven days that are left.

Wouldn’t that be wonderful? You may even be able to keep some of the promises you made to those poor officials from New Orleans since they can’t survive without a tax base and begin to rebuild their city, but heavens to Betsy (Katrina and Rita), let’s not get carried away with it and try to rebuild 350 miles of levees to withstand a Category Five hurricane in that pirate’s cove. You’ve got other places to spend the borrowed money, haven’t you?

Now that you’re getting back on track with borrowing $50 billion a month that you averaged for the first eleven months of fiscal 2005; now that you will have the funds to support the fantastic budget you and Congress approved; now that the Pentagon will have its $491 billion budget to support more than 725 military bases around the world and build more in Iraq while frugally eliminating some at home; now that you’ve got the American people convinced that the military is the answer to natural disasters – it’s certainly not the time to start keeping your promises or using money to support social programs.

The people will get by with “do it yourself” survival tactics and the children of the future will appreciate coming into the world with a huge debt tied around their necks. “Proud to be union” will become the motto of every government worker from local townships and teachers through the federal government while the manufacturing and giant consumer industries that these unions once supported will either go under or leave the country to survive. Seventy percent of union membership is now composed of government workers. Oh well, we’ll still have our weapons builders to keep things going and we’ll find new talent somewhere.

The polls may show your approval rating slipping a bit, but the important thing is that there are still 37 percent of the people who believe all the lies you’ve told them. That’s a pretty strong base of supporters and your crew can always come up with some more propaganda, excuses, and fear stories to keep most of them loyal.

These are the people who still believe that we’re the richest most powerful nation in the world instead of the world’s greatest debtor. They still believe in the institutionalized other; that there are men and women in white lab coats working behind the scenes to make things better, and that American ingenuity can overcome anything.

These are the same people who don’t recognize that every day, probably before breakfast, you borrow enough money to bail the Gulf Coast areas out of the troubles they’ve suffered from natural disasters. They still believe that eventually you’ll do the right thing, maybe.

So go George, go for broke.

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