Please, give me the "liberal!"
WASHINGTON, Oct. 14 - Less than a day after President Bush implied that Senator John Kerry lacked "fiscal sanity," the Bush administration said on Thursday that the federal government had hit the debt ceiling set by Congress and would have to borrow from the civil service retirement system until after the elections. ...If you owned part of a company, and the CFO announced that debt had increased 40% in the last 3-3/4 years, and he had to start "borrowing" from the employee pension fund to cover current operating expenses until the paperwork on a fourth loan came through, don't you think you'd consider new management?
Since Mr. Bush took office in January 2001, the federal debt has increased about 40 percent, or $2.1 trillion, to $7.4 trillion. Congress has raised the debt ceiling three times in three years, raising it most recently by $984 billion in May 2003.
On Thursday, Treasury Secretary John W. Snow said that the federal government was about to breach the limit again and would be able to keep operating only if it started tapping money intended for the civil service retirement fund, the pension system for federal workers.
The last time we elected someone that a Bush called a "liberal", we got balanced budgets, a booming economy, and a hefty surplus. Maybe we should try "liberal" economic management again.