Is the GOP the party of fiscal discipline? That’s not what Alan Greenspan suggests in a new book which describes the spending by the administration of George W. Bush and the Republican Congress as “out of control”. Alan Greenspan, who became Chairman of the Federal Reserve before George W. Bush took the White House, but was praised and reappointed by Bush, says that the Republicans in the Bush White House, “little value was placed on rigorous economic policy debate or the weighing of long-term consequences”.
Too bad Alan Greenspan didn’t speak out while he was still in office, and had some degree of influence. The Republican presidential candidates of 2008 went along with the economic irresponsibility of the Bush Administration and the Republican Congress, so if you want four more years of out of control spending, vote for one of them. If you want to bring balance back to the government’s role in the economy, vote for a progresive.
(Source: Forbes, September 15, 2007)
Well, see, this bothers me about
the whole Petraeus (and other neocon) strategy of remaining in Iraq for whatever length of time it takes to impose our will on them: how can we afford it when the economy is dropping off, our infrastructure is in dire need of bridge and road repairs (not to mention schools, the electrical grid, and on and on), we’re still without universal health care (ostensibly because it’s too expensive – when Iraq’s $2.5 billion a week is okay), and the dollar may soon be replaced by the yen or the euro as the currency of trade?