Thursday, May 18, 2006

Mismanaged federal deficit

Angry Bear has a post graphically depicting the nature of our deficit in order to dispel the myth that the administration was at the mercy of uncontrollable economic conditions.

While it's entirely possible that the administration is simply this incompetent, I believe that the mismanaged deficit is intentional. Unlike spending on social programs, the rich get richer from defense spending and the legislated tax changes. Their goal is to deepen the deficit, pocket their profits, and weather out a recession that hits so hard that social programs will have to be cut just to stay afloat.

The wealthy are obviously not opposed to government spending, they just want to make sure they are the only ones to benefit from it. Simple, classic greed at its worst. Our country is being Enron'd.

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