America's Economy starts to look like Argentina's

[andrewducker]

Faced with growing deficits, ballooning costs of Social Security, and a fixation on reckless tax cuts, Republicans have apparently devised a new have-your-cake-and-eat-it-too scheme that sounds too smoke and mirrors to be sound fiscal policy. According to the Washington Post, "Republican budget writers" think they've found a way to cut the deficit and also borrow billions more dollars to overhaul Social Security -- just don't count the billions of additional debt and move them "off-budget."

Democratic senator Kent Conrad calls it "the theater of the absurd, where you spend money, but it doesn't count, you borrow money, but you deny it. Republicans are becoming further and further detached from reality," he told the Post.

here

Comments

[armoire-man.livejournal.com]

Yes. Moving from first world to third world in the blink of a Presidency.