We Are a One-Party Nation

At the same time, our federal government is running historic deficits. The most recent estimate is that our operating deficit for fiscal year 2008 will exceed $410 billion. The Incumbent Party at the state and federal level continues to spend wildly beyond anybody’s means, and encourages anti-thrift activities in the extreme.

It appears that members of the Incumbent Party believe that the answer to all of our problems is for all of us to go shopping. That was this nation’s response to September 11, and that appears to be its response to economic difficulties brought on by credit failure and declining productivity.

As you give away free money to those most likely to vote, some party poopers have made negative comments. Steven Hess, lead analyst for financial services company Moody’s, has told all who would listen that within 10 years, the United States will be at risk of losing its AAA credit rating unless it takes radical action to curb soaring health care and Social Security spending.

Last year, David Walker, comptroller general of the United States, compared our current situation to the dying days of the Roman Empire. He warned us that our country was now standing on a “burning platform” of unsustainable policies.

Meanwhile, back at the official office of the Incumbent Party, the president and various “leaders” of the House and Senate were congratulating themselves on the unique bipartisanship they were all able to show in passing this marvelous stimulus package, which will no doubt bring financial happiness to the entire land—at least prior to November.

They’re giving away bridges in Brooklyn (unless they have fallen down), and all of our highways are paved in yellow bricks. Want to buy a lottery ticket?

Sincerely,

Vance K. Opperman
(Burying My Gold in the Backyard)