Debt of a Superpower (4)

1 Name: dmpk2k!hinhT6kz2E 2005-09-28 12:28 ID:hLP9yqjm

http://today.reuters.com/PrinterFriendlyPopup.aspx?type=bondsNews&storyID=uri:2005-09-25T005906Z_01_N24701644_RTRIDST_0_GROUP-FRANCE-GREENSPAN-UPDATE-1.XML
"U.S. Federal Reserve Chairman Alan Greenspan told France's Finance Minister Thierry Breton the United States has "lost control" of its budget deficit, the French minister said on Saturday."

2 Name: Unverified Source 2005-09-28 13:51 ID:85YGjVEc

Does it really surprise anyone? With two major wars, several disaster recovery efforts (including reconstruction of Iraq), and several new beaureucratic federal departments going on all at once (while the wealthy continue getting tax cuts), it's no wonder why the government is targeting so many different public programs and borrowing large amounts from other nations.

The ironic part is that the traditional Republican platform has always been against big spending, but every time the party rises to power in Congress and the White House, the national budget starts hemorrhaging money.

3 Name: Unverified Source 2005-09-28 14:24 ID:5d2cfa6U

Neo-conservatives are not supposed to be the old conservatives, I think.

4 Name: Unverified Source 2005-09-28 15:56 ID:eGfZp/kh

But it's for the good of the state!

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