Posted on 07/04/2009 3:11:18 AM PDT by Scanian
THERE'S an old joke about a fantastic three- legged pig and a farmer. It comes in many versions. In some tellings, the pig saves the farmer's life. In another, it can talk. The punch line always comes after a visitor asks, "So how come he only has three legs?"
"Because," the farmer explains, "you don't want to eat a pig like that all at once."
More and more, it seems the Obama administration has just that attitude toward the economic crisis: doling out pork for as long as possible.
Recall the White House mantra of "never let a crisis go to waste." Though the economic implosion had specific causes stemming from the financial and housing markets and how they were regulated, President Obama insisted that the items on his campaign wish list -- overhauling health care, imposing carbon cap-and-trade and reforming education -- would be the real solutions to the crisis.
"The fact is, our economy did not fall into decline overnight," Obama told Congress in February. And only by "investing" in policies formulated years before "toxic asset" became household words could America get out of the crisis.
As a result, we're now stuck with some of the most absurdly counterproductive legislation imaginable. The national debt is growing faster than the GDP. According to the Congressional Budget Office, within 10 years Uncle Sam's publicly held debt will double to 82 percent of GDP. The CBO predicts that by 2038, our debt will be 200 percent of GDP. Debt siphons off growth for the simple reason that dollars go to paying it off rather than investing in something productive.
(Excerpt) Read more at nypost.com ...
Nazi Pelosi = Porky Pig
It's criminal that an essential bill cannot be passed without some greedy politician attaching a pork sandwich to it.
Loved it! Thanks.
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