Ah. Here's Something Interesting:
On Wednesday January 8, the IMF Said Rise in US Debt is a Threat to the World's Economy
The US acts as the global growth engine, and US consumers are the engine behind US growth (i couldn't resist at least a small allusion to the spending habits of some 18-year old manhattanites...). But the US government is running up a debt that would put even the most devoted no-limit barney's shopper to shame. and the IMF (notoriously thought of as a US mouthpiece) has come out saying, "uhm, yeah. this could be bad." the real problem here is that the Bush administration is borrowing and spending today with no thought about tomorrow. i read something that compared Bush to "the guy who buys you a present. on YOUR credit card. and then a month later when you get the bill, you realise that not only did he buy you something, he bought himself the ENTIRE STORE and stuck you with the bill!" simplified? yes. scary? definitely.
my favorite line of the entire article is when they point out that "White House officials dismissed the [IMF] report as alarmist, saying that President Bush has already vowed to reduce the budget by half over the next five years." uh huh. riiiiiiiiight. don't you wish it were that easy? (cue dream sequence)
Someone: what're you DOING borrowing my car and fucking it all up???
You: pish POSH. don't be so alarmist. I vow to buy you a new one.
Another: dude. your drinking's getting out of control!
Not Me: don't freak out man, i told you already: i vow to cut back over the next five years.
Roomate I: hi, uhm, where's the rent check?
Roomate II: you didn't get it? i vow to send it to you, cool?
anyway. i'd love to hear how with tax cuts and spiraling defense spending we're going to be cutting back the debt. don't be surprised if the next crop of public school educated kids no write-y english so good.
but at least we have our MTV.