Mar 14, 2006

Democratic State Senators Fight State Debt

Just another sign that it is the Democratic party that can better manage tax payers dollars than the GOP (the credit card millionaires of public policy). For the last 12 years Republicans have operated 2/3rds of the state government which has lead to $49 billion budget deficit this coming fiscal year. This parallel to the National Republican party other State’s Republican can be seen in the amazing amount of debt in Republican controlled governments. On the other hand Democrats like Mark Warner in Virginia and Tom Suozi in Nassau County (not an endorsement, haven’t decided who I’m going to vote for NY Governor yet) show that they can quickly overcome decades of Republican mismanagement.

Bush’s 2001 tax cut that came along with a “Tax refund” on 2000 taxes which was simply a advance like any payday loan charged with interest. When will Americans realize that every day we live with public debt it means that working people have to pay taxes on interest and receive less government service, while the wealthiest of the planet profit without any effort or labor of their own? Let oversimplify this W’s Grandfather (Prescott Bush) was born into such extreme wealth that he could live off the interest of his wealth it benefits the whole Bush family and every generation of silver spooned trust fund baby that the longer the national debt running more than $8 trillion the more money they make. Though the uber-wealthy of America do not hold a majority of the debt and since they profit and have the most influence to American policy I’m willing to tag them with the most accountable.