Thursday, September 02, 2004
The spend and spend more economic policy
The republican party is making 9/11 and the subsequent wars in Afghanistan and Iraq the centerpiece of its convention in New York. I find it interesting that they believe a sound national defense can exist hand-in-hand with a failing national budget. A bankrupt country cannot field a fighting force and this administration, with their spend and spend economic policy, seem intent on bankrupting our government.
It is interesting that in this spend and spend more mode of the GOP that Bush has vowed to veto any proposed legislation that would actually pay for our troops, opting instead to borrow without a plan of repayment. Putting our country in so much debt that we cannot purchase necessary equipment or pay the medical expenses of our fighting men is not a good way to make our country safer into the future.
The GOP apologists will argue that our debt is a very small portion of the gross national product, what they don't seem to understand is that the GNP is not the government's income. The government can dip into the GNP "pool" of funds but the only means to do so is taxation. Like it or not taxes are the government's income, not the GNP.
At the rate that the national debt has increased in the last four years, it is disturbing to think how much taxation would be necessary to correct another four years of this spend, spend, and spend more administration.
It is interesting that in this spend and spend more mode of the GOP that Bush has vowed to veto any proposed legislation that would actually pay for our troops, opting instead to borrow without a plan of repayment. Putting our country in so much debt that we cannot purchase necessary equipment or pay the medical expenses of our fighting men is not a good way to make our country safer into the future.
The GOP apologists will argue that our debt is a very small portion of the gross national product, what they don't seem to understand is that the GNP is not the government's income. The government can dip into the GNP "pool" of funds but the only means to do so is taxation. Like it or not taxes are the government's income, not the GNP.
At the rate that the national debt has increased in the last four years, it is disturbing to think how much taxation would be necessary to correct another four years of this spend, spend, and spend more administration.
