More on the President’s class war

The initiatives coming from the White House since the re-election show that the Administration’s attack on the poor is heating up, not cooling down

Previously I’ve talked about how the war on Iraq was in some ways an attack on the poor of this country who disproportionally make up the bulk of our nation’s military which simultaneously benefitting companies like Haliburton. Now with the new Social Security plan and the White House’s proposed 2006 budget cuts, it looks like the administration is waging war on our country’s poorest citizens.

First off, the social security plan. To get this plan in motion, the administration will need to borrow $1,000,000,000 (that is one trillion dollars) so that they can pay for the existing retirees. That is a debt that the rest of us will be paying off forever and will seriously cripple this country financially for decades if not forever. Simultaneously, a huge amount of money that is currently going into government bonds through Social Security will disappear completely as it gets moved into “private” accounts. These “private” accounts are actually controlled by the government so that is just a right-wing spin tactic. Now, the administration cites several other countries who have made this switch, but pretty much none of them has worked and people in those countries get significantly less money than if they had stayed with the old system. So now, we will have to borrow a huge amount of money while simultaneously devaluing government bonds and in the end we’ll be worse off than if we just left the system the way it is. The only one who will come out ahead in this scenario is the stockbrokers who will manage our accounts and the public companies who will get the investments. We’ll be screwed.

Now, the budget cuts. In order to pay for his tax cut for the wealthy and the war in Iraq while being able to claim some sort of fiscal responsibility, George Bush has proposed sweeping cuts in the 2006 budget. These cuts are across the board but will disproportionally affect the poor, the working poor, and veterans. The Washington Post has an excellent article with the details. What is also scary is that the Homeland Security Administration will also be cut. So now the poor will have less opportunity to advance, the rich will save money and we’ll all be less safer.

How the hell can anyone call this man a compassionate conservative? This is the least compassionate administration in the history of this country.

Why don’t more Republicans dislike George Bush?

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?

Condoleeza Rice Gets confirmed

and yet again Washington’s democratic senators show that they are without spines

12 dissenting votes?!? C’mon, if you know you are gonna lose at least make the statement. I’m talking to you Senators Murray and Cantwell… Hey Cantwell, 2007 isn’t so long from now, and we won’t forget. It’s easy to not back Gonzales, even the right thinks that he is bad for America.

I can’t believe that Hillary Clinton voted to confirm. She’s running so hard to the right these days she might as well switch to the Republican party. Here’s her comments on Condoleeza Rice.