Monday, October 06, 2008

Blowing Air in a Burst Bubble

"It's a terrible bill, but we have to do something!" Congress cried last week.

You'd think I could have come up with the above headline a couple of weeks ago and called it in to my Congresscritter (who, not running for re-election didn't give a whit for my "please don't vote for the bailout" phone call and voted for it both times -- then again, the entire point of Mr. LaHood's political career has been, in good, respectable Country Club Republican fashion, to soak the taxpayers across the nation for the benefit of those of us in his district) when it had a chance of being a useful slogan, rather than thinking it up only this morning as the Dow was sinking below 9700.

Be that as it may, I'm whittling down my e-pile of unread notices from The Daily Reckoning, where this popped up in the Mogambo Guru's message of two weeks ago,
...the federal budget is now more than a staggering $3 trillion dollars, which is a hefty $10,000 for every man, woman and child in the country, and it's equivalent to $30,000 being spent by everybody who has a non-government job!
You can read the rest here. But remember that is the budget (not including all that is off-budget) before borrowing another $700 billion in Panic of 2008 actions.

This ain't good on so many levels, folks....

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