Sunday, September 11, 2005

Bush's budget plans

According to an article in Time Magazine, Bush's main plan to dig himself out of political trouble on the New Orleans catastrophe is to "[s]pend freely, and worry about the tab and the consequences later. 'Nothing can salve the wounds like money,' said an official who helped develop the strategy."

Also - big surprise - "[t]here are no plans to delay tax cuts to pay for the New Orleans reconstruction or the Iraq war."

Why worry about paying for things when you can simply go on issuing debt and printing money?

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