Saturday, February 14, 2004

What this election should be about

(but will almost certainly continue to tiptoe around) is the looming economic disaster ...

The trade deficit jumped unexpectedly to a near record $42B for December. (I remember when $42B was a bad year.) The annual costs of social security IOU repayments and servicing the exploding debt will approach a trillion by the end of the decade. Given our current (and already hemorrhaging) budget of 1.4 trillion, how will we pay to keep our fighters in the air and our ships out of mothballs, much less pay for highways and veterans benefits, while jobs continue to emmigrate overseas?

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