Last month the U.S. Treasury suspended investing in the Federal Employees Retirement System to avoid hitting the legal debt limit. Didn't Bush just tell us that the economy was in great shape, Lets Talk America.
Vice President Dick Cheney urged Americans last Thursday to do a better job of saving and challenged policymakers to strengthen pensions and fix Social Security to help people in their golden years.
"The American dream begins with saving money and that should begin on the very first day of work," Cheney told a conference here exploring how to encourage people to boost savings and be better prepared for retirement.
Too often, workers are living paycheck to paycheck and are not saving sufficiently, Cheney said.
Treasury Secretary John Snow notified Congress on Monday that the administration has now taken "all prudent and legal actions," including tapping certain government retirement funds, to keep from hitting the $8.2 trillion national debt limit.
In a letter to Congress, Snow urged lawmakers to pass a new debt ceiling immediately to avoid the first-ever U.S. default on its obligations.
To keep from jumping all over the legal borrowing limit Congress must now raise the debt ceiling, even though we are being told by this Administration the the economy is fine.
This is the 4th time Mr Bush, that you have went to congress to raise the debt limit. If they decide not to follow your lead you will be forced to delay auctiong bills and notes and move money among the pension funds.
It's time to let the tax cut go Sir, just look at what has been going on. You now have a deficit that your tax cut helped to bring on, you have the Iraq war that you lied this country into, that consumes millions of our tax dollar. You had 911, the Afghanistan war and the Gulf disasters. Let that tax cut go!
Last month you sent Congress a $2.77 trillion budget request for fiscal 2007 that calls for a deficit of $354 billion, compared with a record $423 billion forecast this year. The Bush administration says it expects to shave the deficit to less than 2 percent of gross domestic product by 2009, from 3.2 percent this year.
The Treasury estimates it will borrow $427 billion in fiscal 2006 and $373 billion in fiscal 2007 to fund government operations, the budget showed. The government borrowed $297 billion in 2005, according to the documents.
Any CEO of a corporation who screwed up as many things as George W. Bush would have been fired by its board of directors. Here's a few of the ways:
Invasion of Iraq, which is the biggest strategic blunder and scandal in U.S. history. Saddam Hussein never initiated a belligerent act of aggression or terrorism against us. The buildup to that war was based on fabrications, deception and lies.
Death of 2,100 U.S. soldiers, wounding 15,000 more, and the death of 30,000 innocent Iraqi men, women and children.
Immoral and unconstitutional trade policies that caused $2.824 trillion in trade deficits in just five years.
The worst fiscal performance in our history, piling up $2.472 trillion in added federal debt in five years en route to a major economic collapse.
Tax policies that are an insult to working people who make dividends possible but who are required to pay a higher marginal tax rate than those who collect dividends without working.
Foreign policies that have alienated most of the rest of the world.
A misguided attempt to turn future Social Security pensions over to Wall Street.
In typical arrogance, Bush said we must stay the course in the Iraq war, which means continuing his tragic record while killing and wounding more U.S. soldiers. That has no more credibility than to say a fox should be put in charge of maintaining order in a hen house after he has just created mayhem therein.
Earlier this year, Terri Schiavo lay in a permanent coma connected to a feeding tube. Her husband said she would have wanted that tube removed. But Republican members of Congress passed a resolution to maintain the tube, causing Bush to fly from his ranch in Texas to Washington to sign that legislation.
As his pen was poised to sign the document, Bush said, "If there is an error in this matter, it is best to err on the side of life."
Why didn't Bush make that same judgment in early 2003 when millions of Americans protested against a possible invasion of Iraq, as did many foreign leaders? Bush had no qualms about killing and wounding thousands of soldiers and innocent civilians.
In view of his miserable record, his arrogant lack of good judgment and his failure to understand the gravity of his record, President Bush (and Vice President Dick Cheney) should be shown the exit door with a proviso to never darken the Oval Office again. ( Written by Gus R. Stelzer).
Remember America, Corporations dont pay taxes, if you thought they did, then you are dead wrong. When we buy things and receive services, we pay their taxes, and that's a fact. Think about it, who has George Bush cuts and bills benefited?
We now have a National Debt of $8 Trillion dollars, do you think this President has an answer for it?