22 November 2006

The Return of Voodoo Economics

A rash of headlines from today's papers makes me think it is time to bring back the National Debt Clock. If we do it, though, can we please place duplicates on the lawn at the White House and the front steps of the Capitol?

George W. Bush considers plans to hand Asian free trade nations the keys to the U.S. treasury in exchange for forgiving his narrow-minded focus on oil, thus letting us rack up even more debt with them. (NY Times)

The lame-duck Republicans have a snit over budget cuts when they are asked to control their spending, and decide to leave the entire mess to the new Democratic Congress, thereby tying up the Dem agenda for 2007 while they reinstitute the pay-as-you-go policies that worked so well at reducing national debt until dismantled in 2002. (Seattle Times/AP & The Hill)

The unemployment rolls expanded by another 12,000 jobless this last week before Thanksgiving. (Richmond Times-Dispatch/AP)

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