Our Galtian overlords scored a huge victory. This appeared in the Associated Press
From Think Progress:
on August 1, 2001, the Associated Press reported that the Treasury Department was tapping $51 billion of credit in order to pay for the budgetary cost of the first round of Bush tax cuts’ rebate checks. The AP reported at the time that Democratic Party opponents of the tax cuts worried that they’d return government budgets to “red ink“
The opponents of the tax cut turned out to be right. The 2001 and 2003 tax cuts combined have blown a $2.5 trillion hole in America’s budget and created deficits stretching on for years.
Funny thing....I don't think many of our republican friends remember or even realize that we borrowed money to pay for those cuts. I have been reminding my dear republican sister of this anniversary for a week and sure enough when I called her up today and asked her the significance of August 1, 2001....she actually remembered.
Sensing a breakthrough of sorts....I pressed on and asked how much of the 14 trillion dollar deficit was caused by which party. Like every good (and uninformed) republican she responded that it had to be democrats because all they know how to do is spend money. Really, sister dear?
So...if you have a republican friend or whatnot that you want to have some fun with....find out how much they actually know about the deficit. I wouldn't press too hard as my sister ended up hanging up on me.......
I wonder if our Galtian overlords are celebrating today: