Headache
By Tom Chambers • 3:37 p.m. Jan. 19, 2009 • 0 Comments • 0 Trackbacks
Harper’s this month has a story titled: “The $10 Trillion Hangover: Paying the Price for Eight Years of Bush.”
Yeah, the federal government’s spending habits are all Bush’s fault. Congress, including Democrats, and the American people don’t need to share in the blame.
I do like the cover art. The hangover analogy is a good one — which was first really used by President Bush.
It’s easy to see that the country was on a binge — from the mid-1990s on. Sure, there was the dot-com bust, but that was a mere hiccup. The country didn’t sober up. Instead, in late 2001 and early 2002, we decided to take a swig of the hair of the dog that bit us.
The question is: will Obama haul us into rehab? It doesn’t look like it, with the promises of $1 trillion deficits. Bloody Marys anyone?