Thursday, March 02, 2006

I came, I saw, I spent

Vice President Dick Cheney urged Americans Thursday to do a better job of saving and challenged policymakers to strengthen pensions and fix Social Security to help people in their golden years.

"The American dream begins with saving money and that should begin on the very first day of work," Cheney told a conference here exploring how to encourage people to boost savings and be better prepared for retirement.

Too often, workers are living paycheck to paycheck and are not saving sufficiently, Cheney said.

Of course government leads by example. Right?

Shortly before he was fired, former Treasury Secretary Paul O'Neill confronted Cheney about the Administration’s latest proposal to cut taxes by another six hundred and seventy-four billion dollars over ten years, pointing out that the country was “moving toward a fiscal crisis.” The Vice-President stopped him. “Reagan proved deficits don’t matter,” he said. “We won the midterms. This is our due.” In fact, Reagan didn’t prove anything of the kind. Early in his first term, Congress was forced to adopt emergency tax increases and spending cuts to restrain the ballooning budget shortfall. Despite this remedial action, it wasn’t until the early nineties, when George Bush Senior and Bill Clinton raised taxes, that the nation’s finances were put in proper order, opening the way to the longest economic expansion on record.

So for all you kiddies out there rememeber: saving your money is the responsible thing to do but the U.S. government borrowing $2 billion a day from China, South Korea, Saudi Arabia and Japan to subsidize tax breaks for billionaires is also the responsible thing to do. Makes about as much sense as shooting a guy in the face because you thought he was a pigeon.

6 Comments:

Anonymous rMatey said...

Oh, you forgot that the Goppers are still rewriting this bit of history, to show that it too was a success.

12:50 PM  
Blogger Crankyboy said...

If this is success I'd hate to see what failure looks like.

1:38 PM  
Blogger Capt. Fogg said...

You Librils can't resist twisting a story. Get the facts straight,lefty - Cheney thought the guy was a quail not a pigeon. That's a whole diffrent thing.

4:02 PM  
Blogger Ellen Beth said...

Don't forget Cheney's $5 mil new house. The rest of us aren't supposed to eat or at least eat older green meat injected with carbon monoxide to look red.

4:59 PM  
Blogger d.K. said...

Ugh... When will it end?

12:28 AM  
Anonymous Utah Desert Rat said...

I plan on saving all my millions I'm getting back from tax cuts as my sacrifice to the war effort.... so what are YOU doing to support the noble war on terrorism and our brave troops?

12:42 PM  

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