Senate Votes Us A Deeper Debt Hole

Well, this has kind of slipped by with little hooplah, but while everyone was arguing about whether or not to censure President Bush over warrantless wiretapping and whether or not Democrats are spineless cowards (which they are), the Senate voted 52-48 yesterday to raise the limit on the national debt to $9 trillion so the U.S. Treasury wouldn’t default for the first time ever. In case you’re wondering, “$9 trillion represents about $30,000 for every man, woman and child in the United States.” [“Senate votes to raise debt limit” (ABS News)] Of course, it’s all up to President Bush now, but with his veto record, I’m not sure whether it’s worth the brain energy to wonder if he’ll sign it.

Granted, this “extra” money will allow the government to pay for the war in Iraq, Medicare, and other Federal programs, but they did it rather than do the responsible thing which is raise taxes. Let’s face it, Bush’s tax cuts have not trickled down to revive anything and they haven’t helped the economy. The only ones benefiting are large corporations and the rich, who can afford to help foot the bill a little more so that our country doesn’t go further into debt.

One of the things I agreed with John Kerry about was responsible spending. O.K. I don’t know if he was serious about it when he said it anymore, but it’s my belief that if you don’t have the money, you don’t spend it. This administration seems to be on a wild spending spree, shopping at all the expensive stores and forgetting to pay rent and utilities and the credit cards and the other necessities. If I managed my checkbook the way they managed the Federal budget, I’d be in prison by now or at least I’d be living in a shopping cart.

Is it too much to ask that my goverment be a little bit more responsible with the money I’m giving it?

tags: Senate, Congress, George W. Bush, politics, national debt, taxes, Federal budget

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