Monday, October 22, 2007

Frank Wolf and the $9 Trillion Debt

The other day, we received what amounts to good news coming out of the disastrous Bush Administration. That's right, the budget deficit this year is "only" $162 BILLION. Yippee, heckuva job and all that! Now, back to reality, which is that under George W. Bush and a Republican Congress (2001-2007), the U.S. national debt has increased by $3 TRILLION, to almost $9 TRILLION today. That's $30,000 for every man, woman and child in America.

What's pathetic is that when George W. Bush took over the White House, the nation had a budget surplus and was starting to slash the national debt under the leadership of President Clinton. Six years later, the nation faces budget deficits that are considered an "improvement" when they are "only $162 billion. In addition, America's children will be saddled with trillions more in debt, thanks to George W. Bush’s disastrous budget policies. Let's not forget that the five largest budget deficits in history have come in the last six years.

Now, what does Frank Wolf have to do with all this? Well, during this period of unprecedented fiscal irresponsibility, Wolf has been Bush’s willing accomplice in creating more debt in the past six years than every single president in history combined. Frank Wolf has walked in lockstep with the Bush administration and the irresponsible Republican leadership is passing budgets that have created enormous deficits. The result is the $9 TRILLION debt we now face -- $30,000 for every man, woman and child. Next time you worry about the future of Social Security, Medicare, or the future of our nation's economy, think about the role that Frank Wolf has played in allowing things to deteriorate this far, and consider whether we can afford another two years of this foolishness.

By the way, whatever happened to old-style Republican fiscal conservatism? Has Frank Wolf morphed into a supply-side, trickle-down neo-con after 36 years in Congress?

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