The government will raise $32 billion next week as part of a total of $63 billion in borrowing planned for the final three months of this year, the Treasury Department announced Wednesday.
The government is required to borrow billions of dollars each week to finance the shortfall between tax collections and spending. Part of that money goes to pay the interest on the national debt, which now stands at $8.48 trillion.
Boys and girls this is what happens when you cut taxes and continue to spend like a drunken suburban housewife. Bush is spending this country into a depression, and the Republicans have not done one damn thing to stop him!
We need the Democrats to help put a stop to this now! And I am sorry to say it, but we need to raise some tax money to help pay our way out of this hole. That is what responsible grownups do, they pay their bills!
Do you remember when we were a super power? Well that was before we borrowed billions of dollars from China. Now we are China's bitch!
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