$9 Trillion - Its Only Money

Our federal government has just approved a $2 trillion budget. What do we get for all that money? A few goodies at the expense of our future. All so that politicians can claim they did something for their constituency. This will guarantee the incumbents will stay in power. None of its paid for, of course; except by the Chinese. The Congress and Bush have given us the biggest prize of all: historic debt and deficits. The problem with all this debt is that eventually someone will come around demanding payment. Since we have no savings the money has to be borrowed. This raises interest rates which makes of our currency more vulnerable. Take your choice hyper-inflation or recession (depression). Then what?

You can't have a disastrous war while running historic deficits. It didn't work during the Vietnam War. It won't work now. The only difference back then is that we didn't have a destroyed manufacturing base. Its all being shipped abroad; everything is being imported. We are broke as a nation. We are also broke morally as well since we have allowed criminal politicians to put us in this position.