Posted by
VBushmills on Wednesday, November 25, 2009 1:36:49 PM
Portland, 25 Nov 2009
As you know, David Obey has opened up the first volley, saying the only way Obama can increase troop levels in Afghanistan is by a direct tax to the people. (LBJ and the Dem's did pretty much the same thing with the tax surcharge during the Vietnam War.)
Why he is saying this is that China has told the US we can't print any more money, devaluing the paper they are currently holding.
In other words the Chinese have drawn a line in the sand which even Democrats won't step over.
Isn't it sad that most of the Bush years the GOP ran Congress and could easily have told the Democrats no, on increasing the deficit or national debt. All they had to do was say "no" to spending.
Because of their inability to just that, now the goal post has been way on down the field...printing money.
Thanks, GW for all that backbone
BC