Wednesday, November 3, 2004

Politics: Your Kids are Screwed Vol. 1 (not a Zappa album)

The estimated federal budget deficit for 2004 is a record $422 billion. The CBO's most recent release projects the FB deficit to hover around $300 billion each year until 2010 with a near $2.3 trillion cumulative deficit from 2005-2014. Now that is what I call fiscal conservatism.

So the question is, which programs on life support get their plugs pulled before Private Joker exits in '08. This regime wants us to believe that they are fighting this deficit, or that the tax cuts will spur some pipedream economic growth that results in higher, offsetting tax revenues. Remember those crackheads who promised they wouldn't steal your stereo--if you just let them in to sell a few magazines? Well, these crackheads are tax hawks, and their goal is to slash and burn. Goodbye, Medicare. Goodbye, Social Security and Medicaid. Goodbye, pork-pie hat. We're about to enter the death metal era of fiscal policy.

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