[Willie Green]

U.S. Economy: Budget Deficits Force Record Government Borrowing

For FY 2002, interest paid on the National Debt was $332 billion, or roughly 18% of federal revenue for that year. For the first 9 months of FY 2003, the Treasury has already spent over $277 billion in interest expense. (source)

"I am one of those who do not believe that a national debt is a national blessing, but rather a curse to a republic; inasmuch as it is calculated to raise around the administration a moneyed aristocracy dangerous to the liberties of the country."

-- President Andrew Jackson - (1824)

"Think what you do when you run into debt;
you give another power over your liberty."

-- Benjamin Franklin (1706 - 1790)

[MissAmericanPie]

Great quotes Willie. First they allowed big business to use tax payer funded money to develop technology, build themselves into giants, give that technology away to our enemies, now they allow big business to leave our shores to build other economies and grow their consumer base at our expense.

I wish we had a president that would slam these guys with tariffs getting their goods back into this country, and tax them to death on domestic and international sales. How about some Fair Trade for a change?

[Uncle Miltie]

"For stultification and depression only. Not for comical use."

[hedgetrimmer]

Two great quotes. I hope the citizens take heed. We need to force reform or elect officials who will.

[lelio]

Both Snow and Evans told reporters later in the day that they plan to travel separately Asia to talk to Chinese officials.

And do what? Tell them to send us less stuff? Yeah that's going to fly. Tell them to import our products? Like what? For 10x the price that they will pay internally?

Someone should tell Snow and Evans and Zoellick that the problem isn't with the foreign countries and that we can't look to them to solve our problems. We have to do it ourselves. Its in their best interest to keep on pumping out goods.

[LibertyAndJusticeForAll]

I'm so pleased with the focus and knowledge of the folks in Wisconsin.
The administration's responses to their concerns are less than pleasing;
a meeting with China,
a commission to study job creation and
a prediction that the economy will be better.

That's all the Bush economic team had as answers for these good hard-working Americans.