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Tuesday, February 04, 2003
Oh! That fuzzy math....
All you need to know about where President MBA is taking the economy:
Less than two years after Bush projected $5.6 trillion in surpluses for the next decade, on Monday he estimated $1.08 trillion in cumulative deficits for the coming five years alone.
Using all the lessons he gained from running his own bidness, President Red Ink has turned the USA into the United States of Arbusto. Only this time his daddy's friends aren't going to bail the company out.
Meanwhile:
The flood of red ink for state governments just keeps rising: Expected budget deficits jumped by close to 50 percent in the past three months, and the situation is expected to worsen, the National Conference of State Legislatures said Tuesday
The deteriorating situation could prompt more cuts in a wide range of programs such as elementary schools, health care for the poor and more. Additionally, it will increase pressure on state lawmakers to raise taxes.
“It’s dismal and probably getting worse,” said Nebraska state Sen. Roger Wehrbein, who heads his state’s budget-writing Appropriations Committee. “Even if the economy turns around, we don’t go to war and oil prices don’t go up, it’ll still be two or three years before we see improvements in state revenue.”
Would someone explain to me with all the economic news above combined with the drumbeat of an unneccesary war why George Bush has approval ratings that are only slightly higher than his IQ?
Oh. That's right. He brought dignity and honor back to the White House. And red ink, rising unemployment, war, destruction of our freedoms, racism, and theocratic bigotry.
I haven't said this for a few weeks but...thanks Ralph.
You assclown.
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