George Bush is the least fiscally sound Republican ever, why are traditional republicans still supporting him?
It came out this week that this year the US will record its largest ever deficit. This from a person who promised to balance the budget in 5 years during the campaign. This is before we factor in the expenses that he wants to run up this year, like the 1 Trillion dollars for privatizing social security. Here’s an article from the Sydney Times (via the New York Times) about the current deficit. Just to run these deficits on top of the debt we’ve been accruing since he took office, he’s had to ask congress to raise the debt ceiling 3 times! Including in November (right after the election, ‘natch) when it was raised to $8.2 trillion.
Also, what scares me is how much of our debt is owned by foreign countries, such as China. Here’s the figures from US Treasury. Now, let’s take a look at the dollars worth against other currencies over the last few years. This is really scary stuff!
When did the liberals become the fiscal conservatives? Why aren’t more of the traditional conservative think tanks coming out against this guy? He’s trampling traditional conservative values of fiscal responsibility and local control (his education programs and marriage amendment fly in the face of state’s rights). How can most American’s be ok with the wholesale destruction of our children’s future paying the debt of today. What kind of family values are those?