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10-years ago today Bush declared disappearing budget surplus was ‘incredibly positive news’


 
Let’s elect another idiot cowboy from Texas President in 2012 and commit national suicide, shall we?

From The New York Times of August 24, 2001.

CRAWFORD, Tex., Aug. 24 — President Bush said today that there was a benefit to the government’s fast-dwindling surplus, declaring that it would create “a fiscal straitjacket for Congress.” He said that was “incredibly positive news” because it would halt the growth of the Federal government.

In a 45-minute news conference in a community hall next to a recreational-vehicle park here, Mr. Bush avoided giving specific answers to several questions about how he would find the money for his next big initiatives — from missile defense, to overhauling the military, to reforming Medicaid — without dipping into Social Security surpluses that both parties have declared off-limits. And he made it clear he would not re-think his tax cut, saying, “I can’t tell you how proud I am to be traveling around the country and people say, `Thanks for the $600.’ “

At the same time, Mr. Bush talked in some detail about the economic slowdown, which he called a “correction,” and left open the possibility that he might dip into the Social Security surplus if a further economic stimulus was needed.

“I’ve said that the only reason we should use Social Security funds is in the case of an economic recession or war,” Mr. Bush said.

Read the rest (and weep):
Bush Says Dwindling Surplus Will Halt Government Growth (New York Times archive)

Via Redditor Technicolor Motor Home

 

Posted by Richard Metzger
|
08.25.2011
03:22 pm
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