10/25/2005

Daily Kos: The GOP on government spending: Borrow 'til the Chinese own us!

The GOP on government spending: Borrow 'til the Chinese own us!
by kos
Mon Oct 24, 2005 at 10:04:29 PM CDT

Man, the "borrow and spend" label fits to a "T". Connie Mack heads Bush's tax reform panel, the one that is seeking to eliminate the mortgage and state income tax deductions.

[NY Times:] Well, the U.S. government has to get money from somewhere. As a two-term former Republican senator from Florida, where do you suggest we get money from?


[Connie Mack:] What money?


The money to run this country.


We'll borrow it.


I never understand where all this money comes from.


When the president says we need another $200 billion for Katrina repairs, does he just go and borrow it from the Saudis?


In a sense, we do. Maybe the Chinese.


Is that fair to our children? If we keep borrowing at this level, won't the Arabs or the Chinese eventually own this country?

I am not worried about that. We are a huge country producing enormous assets day in and day out. We have great strength, and we have always adjusted to difficulties that faced us, and we will continue to do so.



Daily Kos: The GOP on government spending: Borrow 'til the Chinese own us!

0 Comments:

Post a Comment

Links to this post:

Create a Link

<< Home