Monday, October 6, 2008

Bush-McCain Economics: Rotten to the Core

Writing yesterday for The Huffington Post, US Congressman Jim Cooper (D-TN), succinctly describes the economic mess created by eight years of Republican rule in Washington:

"...for the past eight years America has been digging our hole deeper with more deficit spending. (George W. Bush, you'll recall, has borrowed more money from foreign nations than his 42 predecessors--combined.) America can't afford to let these problems fester, and after this week, Congress can no longer feign ignorance. We went into the basement to bail out the economy, and guess what we discovered? There are termites in the woodwork.

On Nov. 5--Barack Obama's first day as president-elect--I hope he'll put on his exterminator gear and begin a thorough inspection of our fiscal house, because it's been rotted by termites. The last owners only had the place for eight years, but they did a "heck of a job" weakening government from the inside out. I've got a plan to get control of our long-term finances, but I don't care whose plan we use, as long as we get started soon. Only a solvent government will be able to rebuild our economy and meet the many challenges of the 21st century."

No comments: