W is having another bout of fuzzy math....
So if I'm a "tax and spend" liberal, what does that make conservatives? "Cut taxes and spend" conservatives? That lable for us liberals fell apart a few years ago. W seems to be assigning loads of homework in Fuzzy Math 101 to the Republican congressional members.
Here is a word problem:
If the US is in an $8 trillion dollar defecit, should they get:
a.) cut taxes and increase spending
b.) increase taxes and decrease spending
c.) buy U2 tickets for all the citizens of the US
In Fuzzy Math 101, the correct answer is A, although I wish it were C.

Here, according to today's Washington Post, is some more info Fuzzy Math 101 and the budget:

"Last night, with the federal government warning that it was on the verge of defaulting on its debts, the House rejected efforts to reimpose restrictions on tax cuts and spending, then joined the Senate to raise the federal debt limit by $800 billion, to $8.18 trillion.
With last night's passage of the debt ceiling increase, the government's borrowing limit has climbed by $2.23 trillion since President Bush took office: by $450 billion in 2002, by a record $984 billion in 2003 and by $800 billion this year. Just the increase in the debt ceiling over the past three years is nearly 2 1/2 times the entire federal debt accumulated between 1776 and 1980.
A recession, a sluggish economy and five tax cuts in four years -- coupled with soaring defense spending on wars in Iraq and Afghanistan and rising domestic spending -- have turned record surpluses that Bush inherited into a record deficit of $413 billion in the past fiscal year.
Economists and budget hawks fear that rising deficits are contributing to the steadily declining value of the dollar, which will increase consumer costs, and that those deficits eventually will drive up interest rates and slow the economy."

BRAVO!! BRAVO!! Cut taxes and increase spending! A sensical, magical idea that has brilliance written all over it. Instant gratification is the American way. I'm so thrilled the government endorses it!

- posted by CosmoChica @ 2:27 PM