Vote Out Incumbents Democracy

Iraq & Congress: Our Children Will Pay!

Newsweek's Michael Hirsh wrote an excellent article on preparations to stay in Iraq for 10 years or more. The cost of remaining in Iraq has risen every year since the invasion and 2006 will set another record. Iraq is now costing our national debt 9.8 Billion Dollars per month, and that cost shows no signs of slowing its growth in the future. Iraq could easily cost the U.S. more than WWII or Viet Nam in 2006 dollars if we remain there another 10 years.

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Posted by David R. Remer at 8:45 AM | Permalink | Comments (2) | TrackBacks (0)(2007), ©

No Anti_Incumbent Mood In New Orleans !

CAIN BURDEAU, Associated Press Writer, wrote Sunday:

NEW ORLEANS - Contrary to speculation that incumbents could be thrown out wholesale after Hurricane Katrina, voters on Saturday held steady for many of the leaders they had before the disaster.

Old habits die hard, apparently.

Posted by David R. Remer at 8:36 AM | Permalink | Comments (0) | TrackBacks (0)(2007), ©

Monitor writes of economic warnings!

The Christian Science Monitor writes about possible warning signs of economic trouble ahead, partly due to Congress.

The economy is switching from an expansion led by husky consumer spending to one led by business investment, says economist Nicocles Michas of Alexandros Partners LLC in Waltham, Mass. He sees the rate of real growth falling to a low 2 percent later this year. Then foreigners could become "more cautious" with investing in dollar-denominated bonds, etc. The dollar could tumble, interest rates rise, and stock-market prices could weaken.

Not to mention the huge increase in taxes resulting from rising interest rates on our coming 11 Trillion dollar national debt, and the effect that could have on finding new foreign investors to float our riskier national debt. It is debatable whether the President has done enough to resolve our foreign trade deficits. But, there is little question anymore that the President and Congress are directly responsible for our national debt climbing to 11 Trillion dollars, double its 1999 level, by the end of the President's term. BTW, the 11 Trillion is a conservative estimate.

Posted by David R. Remer at 8:25 AM | Permalink | Comments (2) | TrackBacks (0)(2007), ©