Saturday, March 22, 2014

Obama is the smallest spender since Ike

Dick Cheney, Vice President of the United States.
Dick Cheney, Vice President of the United States. (Photo credit: Wikipedia)

And it was Clinton who balanced the federal budget.  

One of the most brazen myths promulgated by Republicans, especially Tea Partiers,is that Democrats (aka liberals) are the big spenders.  In truth, it was Reagan and W who blew the big bucks.

Bush II advocates will say he had to fight the War on Terror.  What nonsense.  We went into Iraq for more than a decade on the grounds that Hussein had weapons of mass destruction and ties to Al Qaeda... two blatant lies.

So here's how it really worked:

1.  We stupid, ordinary Americans were convinced we had to invade Iraq.

2.  Cheney's friends at Haliburton --- to name one huge beneficiary of the war --- win multi-billion-dollar, no-bid contracts.  (Cheney reportedly received $40 billion while at Haliburton between stints in DC, working for Bush I and Bush II).

3.  The government borrows the money, which now goes smoothly into the pockets of the top 1%.

4.  And the rest of us dumb Americans, in addition to shedding our blood in the desert, are left to pay back that debt... to other wealthy lenders.
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