Wednesday, November 17, 2004

A Dangeous Lot: Tax-Cut and Spend Conservatives

"CONSERVATIVES" TRY TO HIDE RECKLESS SPENDING FROM THE PEOPLE: The country actually reached its $7.38 billion credit limit in early October. Since that time, Treasury Secretary John Snow has employed a series of extraordinary accounting tricks to avoid technically breaching the limit. Why? Conservatives in Congress wanted to avoid "increasing the borrowing limit before the Nov. 2 election as leaders did not want to have the politically sensitive vote." This strategy is not without consequences. Snow's most recent "trick" – announced yesterday – was suspending investments in the Civil Service Retirement and Disability Fund.


Post a Comment

<< Home