there is no 81 billion for Congress to give smirk - the US will have to

[donsu]

borrow that money.

http://www.newsforreal.com/

Shooting Up With George

-snip-

If Bush pulled a free credit report for his US of A this morning here’s what he would discover:

WASHINGTON (AP) -- Interest rates on short-term Treasury bills rose in Monday's auction to the highest levels in more than three years. The Treasury Department auctioned $20 billion in three-month bills at a discount rate of 2.540 percent, up from 2.480 percent last week. Another $17 billion in six-month bills was auctioned at a discount rate of 2.760 percent, up from 2.710 percent…. the highest since they averaged 2.560 percent on Sept. 17, 2001. The six-month rate was the highest since 3.120 percent on Sept. 10, 2001.

Clearly those with the money to lend do not agree with Dick Cheney’s view that, “deficits don’t matter.” They may not matter to him or Bush since they will be long out of office when the loans they are taking out now to cover tax cuts, deficits and war come due. But the lenders – who these days is largely China – care a lot.

-snip-

And the interest rate on our national credit debt goes up.

Today’s news of higher rates on the bonds that fund the Bush deficits is just the beginning folks. This week Bush goes to Congress for another $82 billion to fund the war in Iraq. That’s $107 billion so far this year and it’s only Feb. Estimates are that little extravagance will cost us at least $400 billion.

Let’s be clear. He is not asking Congress for the $82 billion, because there is no $82 billion in the Treasury to give him. He is asking that Congress allow him to borrow another $82 billion for the war.
-snip-
------------------------------


which the bloody bushgang will pocket and not give a damn about paying it back.

[Telly Savalas]

1. Why aren't we funding the war with personal savings accounts?

[Tierra_y_Libertad]

2. Wonder how long the war would last if we had to pay cash.

I mean, if Joe Schmoe average citizen, had to reach for his wallet to cough up the cash to "Support Our Troops".

My guess, they'd be packing up the C-130s in about 30 days.

[realFedUp]

3. Maybe if it was framed: The Chinese now own all our national parklands

Reframe this debt into something people
can wrap their brains around.

[rniel]

4. I think bush should go door to door

with some of his knuckle draggers and collect this money from people personally. Maybe it would put this in perspective.