Administration Serves Up Debt Fodder

Posted at 12:39 pm on Tuesday, March 7, 2006, in Uncategorized, and tagged bush.

ABC News is reporting that the Bush administration is urging “lawmakers to pass a new debt ceiling immediately to avoid the nation’s first-ever default on its obligations and to keep from hitting the $8.2 trillion national debt limit.“

Is this a surprise? Two wars (including one unnecessary and increasingly-expensive war), tax cuts for the wealthy, a blank check for post-Katrina redevelopment, have all undoubtedly maxed out the government’s “credit.” However, weren’t we promised better?

The president, the first MBA president (You have to love that commercial: “Oh you have an MBA; I guess I will have to show you then.”), the GOP “we-are-for-smaller-government” rhetoric-filled president, the “lower taxes and less spending, well maybe more spending” president, may, or in fact, actually has defaulted on the federal government budget. (Managing has never been a forte of the president, though, as he has led his past business ventures into the ground.) Will there be accountability this time?

We were told that our federal government under George W. Bush, MBA, would be run like a business. Who knew it was going to be run like Enron or WorldCom? Well, except Dick Cheney. [Take cover.]

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