Saturday, July 23, 2005

Ivins' Column is also cheerful fare!

This news makes me want to kill myself!
Then, of necessity, we have spent huge amounts of time on Sept. 11, terrorism, Iraq, and related and ancillary problems. It is not necessary to review the bidding here, but Iraq is becoming as divisive and unpopular as the Vietnam War.

While we have been absorbed in the silly circus of cultural issues and the and riveting questions of the war, we've also been getting our pockets picked. Big time. I am impressed that cartoonist Lloyd Dangle in the strip "Troubletown" managed to get the whole problem into 12 panels, each announcing some piece of economic news accompanied by an American saying, essentially, "What, me worry?" The U.S. is over $7 trillion in debt (no problem); China buys $1 billion worth of U.S. treasury bills a day (thanks for floating us); Americans love the prices at Wal-Mart (made in China, cute!); the Chinese save 50 percent of their domestic product; the average American has $9,000 on his credit cards; our economy is fueled by a fragile housing bubble; the minimum wage is $5.15 per hour … ; taxpayers who earn over $1 million saved $30K under Bush tax cuts; the war in Iraq costs $9 billion a month; by 2040, our kids will be unable to do more than pay the interest on the national debt … ; bankruptcy reform makes it impossible to escape your debts; in Darfur [Sudan], people earn $1.25 a day.

0 Comments:

Post a Comment

<< Home