landgazing

Oh, man. First this and now this.

Here’s a scary nugget from the November 2005 USA Today story above:

The bulk of Bush’s 10-year, $1.35 trillion tax-cut program is set to expire at the end of 2010. But Congress is moving to make the reductions permanent. That would keep tax revenue at roughly 18% of the economy, where it’s been for the past half-century — too low to support even current spending levels.

And this just sets my hair on fire from the Fox News story:

The trust funds actually are government IOUs to be paid back by either borrowing more money from the public by issuing marketable Treasury securities, raising taxes or cutting spending in other programs.

It reminds me of the way Congress has pilfered from this fund for the past 30 years to fund God knows what, leaving another generation to deal with their miserable failures.

Uh, I’m tired and disgusted. G’night.