A few days ago I commented on the Bush Legacy Project, first on his Legacy # 1, the Iraq War which he had planned starting two weeks into his inauguration. Next I commented on his Legacy # 2, the Body Snatcher Torture Airline network. — Today I want to comment albeit shortly on his Legacy # 3, the National Debt to which my attention was drawn by an article in USA Today published sometime in October. I went into the Government data bases and found an interesting graph that shows the development of the national debt since before the Mayflower, or so. I KNOW, the dramatic increase in spending is caused in part by the war, but only in part. It is also caused by the Republican tax policies, no offense if you are a Republican. Here are the budget deficits during the last 20 years under Clinton and Bush. — I am mentioning this because the over $10 trillion national debt is Obamas inheritance that will give him headaches. Especially when it comes to his promise of change. And even more when it comes to dealing with the recession in light of the fact that the Senate is not filibuster proof. — While I am at the economy, unlike in the United States, where retail is hurting, Christmas in Germany wasnt too bad for retailers, anyway. In turn, farmers seem to suffer over there because wholesale and retail outlets cant get credit to pay for corn etc. — Amazon here seems to have had record sales. — Europe is very much looking to the United States in part with concern because of …
Category : Insurance



