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ARTICLES:
THE STANDARD LINE ON
THE ECONOMY
PRESS COVERAGE OF
LEAKS AND WIRETAPS
TERRORIST AIR TIME
media irresponsibility
ON DEFINING THE WAR?
THE RIGHT QUESTIONS
IN THE WAR ON TERROR
bio weapons labs:
DEMONIZING THE MEDIA
WMD
History Rewrite
Dancing on the Edge
Misconstruing the
Constitution
FISA AND WIRETAP
SECRECY
MORE ON THE WIRETAP
ISSUE
THE DEMOCRATS AND
HARRY TAYLOR
FIXING THE ENGINE
THE BUSH ADMIN'
ENVIRONMENTAL
RECORD, AND MORE
THE CURRENT
ADMINISTRATION
OBSESSION WITH
SECRECY
THE 2004 ELECTION
INTERNET LIMITATIONS
STARTLING REVELATIONS
ON 9/11 INTELLIGENCE
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SENATE GAS
The
proposal
to give taxpayers a rebate because gas prices are high is not just
transparent
pandering, it also doesn't really make any sense: "Gas prices are high,
so let's add even
more
to the deficit to borrow some more money from
ourselves."
An often overlooked fact is that
almost 400 billion dollars will
go towards interest on the federal debt this year alone. It is not just
"burdening our grandchildren" with debt, as is popular to say. It is
burdening ourselves with debt, and with wasteful interest payments on it
each year.
Some of that 400 billion goes to pay interest on treasury notes held by
government trust funds. But since those funds are projected to run
deficits, these monies are already earmarked. As a practical result,
they
represent a real cost the same
as if the trust funds had invested elsewhere, and the treasury in turn
had been forced to sell these notes on the open market as well.
Are the current crop of Senate leaders oblivious to this federal debt
problem, or do they just want to hand out financial candy bars to a
citizenry of forced financial diabetics, so they vote for them?
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