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The Paris Hilton School of Economics
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In Mondays Dispatch, Washington Post Columnist George F. Will wrote a scathing editorial denouncing democratic economic policy. He tells us the economy did not grow during early part of the Bush presidency because "He inherited the debris of the 1990's irrational exuberances." He goes on to throw out all sorts of numbers to solidify his position that Democrats are "economic hypochondriacs" while defending the wisdom of Bushonomics.
I politely beg to differ.
Below is the article I sent to The Columbus Dispatch in response.Feel free to forward or share as you see fit.
George F. Will’s editorial of Monday June 11, “Fearing the facts, Democrats shun their usual rhetoric on the economy” was a real humdinger. He tossed around numbers like a half-drunk poly-sci student trying to impress a bunch of girls in a bar...
(click extended post for more)Well. I may be “just a middle class mom” but I know a shell game when I see one. His hoodwinking punditry for Bush-enomics omits one tiny little detail. The fact is our federal government reported a 214 billion dollar deficit last year compared to the $236 billion dollar surplus we had when Clinton left office.
By comparing the borrowing habits of the two parties over the years, it is clear the big spenders in Washington are the Republicans. During the past half century, Republican presidents have increased the national debt an average of 9.7% per year while Democrat presidents have kept their spending to a tight fisted 3.2% per year. Republicans consistently out borrow and out spend Democrats three to one, while telling us they are doing just the opposite.
Will sarcastically mimics his critic’s complaints that “wealth is not being distributed in accordance with the laws of God or Nature or liberalism or something.” When the fact is, GOP control makes the rich richer and the poor poorer. Will doesn’t think we should care about that. The truth is during the Clinton administration more middle class Americans became millionaires than at any other time in our countries history. That’s the American Dream folks, and what we should be voting for.
Clinton did this while reducing our debt by $114 billion dollars during his term. He had a straight forward, down home policy on money management. If you cut taxes, you make a corresponding spending cut - Pay as you go. The same way I manage my budget at home. In my house we don’t spend more than we earn. Period. I don’t go on million dollar shopping sprees like a con man with a credit card, and then explain it by saying I am boosting our family net worth by passing the bill off on my kids. That’s crazy. This Republican policy of Paris Hilton money management is nothing but supply side voodoo for the rich. It will leave our children with massive debt and destroy the middle class.
It is not a legacy I am willing to live with, and neither should you.
Mrs. Kelley L. Wenzlaff
Powell, Ohio
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