Welcome to the Half Trillion in Debt

The Congressional Budget Office announced today we'll be at $477 billion in the red this year (a new record!) and will worsen if additional tax cuts and more govt spending are approved. And guess what Mr. Bush has planned? More tax cuts (make 'em permanent.. as Mr. Cheney supposedly told Paul O'Neill, "It's our due.") and more spending, principally on programs that support corporate America and GOP backers.

Since the Dems are locked in by a GOP-controlled House and Senate, we have only the GOP, controlling both parts of Congress and the White House, to thank for the debt that we, our children, and our grandchildren will pay to make the wealthy in this country even more wealthy why we can't afford health care, legal assistance, housing.... Remember when the Dems were called the Tax and Spend party? Well, at least they got it right because "Cut Taxes and Spend More" (Bush's motto) sure isn't a recipe for fiscal success.