Bush the Fiscal Conservative, Now That’s Comedy…

Ed Brayton says it best:

“In other words, Bush has handed us and our children a $3.5 trillion We Owe Them, which can only be paid for with tax increases in the future. There is one iron law of budgets, repeat it after me: If you are running deficits, there is no such thing as a tax cut; there is only a tax delay. To continue to increase spending without paying the taxes to cover it is the very height of irresponsibility. Oh, and that’s not to mention that issuing all that debt has given foreign governments, China in particular, a multi-trillion dollar leverage point over us. If you ran a corporation that way, you would be in prison. Our government does this year after year and we return 90% of them to their jobs every two years. Wake up, America. You’re being screwed and they aren’t using any lube.”

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