Sometimes my head just hurts. On Friday it was announced that James Baker was tapped to lead a campaign to get Iraq out from under a “crushing $120 billion debt”
Bush had this to say about it: “The future of the Iraqi people should not be mortgaged to the enormous burden of debt incurred to enrich Saddam Hussein’s regime.”
But apparently the American people should be mortgaged to the enormous burden of debt incurred to enrich the Bush regime? Has anyone told George that we have a $7 trillion debt? That in the 4th quarter of this year it has risen a steady $2.12 billion per DAY!! Do the math. There are 120 days in a quarter which meanes that we have incurred double the total debt of the Iraqis just since October.
C’mon… how stupid are we suppossed to be? This debt is stimulating our economy, but crushing theirs? Granted, the situations are different, but the economic levers don’t operate differently, just at different scales.