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2006-03-20 posted by vic Debt Ceiling So Bush signed into law the increase in the debt ceiling today. It's now almost 9 trillion dollars. I'm sure glad the party of fiscal responsiblity is in charge. You can bitch about "tax and spend" Democrats all you want, but at least we pay our way as we go. The Republicans have become the "borrow from the Chinese, spend, and let your kids clean up the fiscal mess" party. Good going people, I hope you're happy. BTW, you might remember this: The United States can be debt-free this decade. By dedicating the entire budget surplus to debt reduction, The United States can eliminate its publicly held debt by FY 2009. The next Administration and Congress will need to decide what priorities to address: eliminate the public debt by FY 2010 and still use part of the surplus for responsible tax cuts, prescription drug benefits for Medicare recipients, and investments in key priorities like education and health care. The Onion had it right back in 2001, our long national nightmare of peace and prosperity really was over. Oh, and speaking of Clinton, you'll be happy to know that Whitewater is finally over. Yes, 70 million dollars and a blow job later, justice has finally been served. Someone wiser than me said it, but it's true: Republicans are great at getting elected, but they can govern a country for shit. Ummm... what? Here's a guy who just doesn't get it. Rep. Mike Pence (R-Dilusional) is putting together a Renewed Contract with America. Here's the best part: Unfortunately, we are once again at a historic crossroads in the nation’s future. Despite initial successes, Republicans today are confronted with familiar challenges: expanding government, a worsening fiscal position, and an explosive growth in spending and earmarks. In fiscal year 2005, the federal government spent $2.47 trillion—49% more than it spent in fiscal year 1995 after adjusting for inflation. The deficit for the current fiscal year is projected to be upwards of $400 billion, the largest nominally in history. In 1995, the public debt limit stood at $4.9 trillion; it now stands at $8.2 trillion, up 67% and yet again in need of an increase. This is not the result of war and economic challenges, as is often claimed, but rather an unwillingness to make choices and trade offs. Shhh.... nobody tell this guy that his party controls the entire government. What a dumbass.