söndag, april 23, 2006

Wow, Rolling Stone printed something worth reading

Rolling Stone's recent cover story, The Worst President in History, almost redeems Rolling Stone magazine. Sadly, it is too little too late to regain it's stature in the credible music world. This passage gives a good idea about the tone of the article:

The monster deficits, caused by increased federal spending combined with the reduction of revenue resulting from the tax cuts, have also placed Bush's administration in a historic class of its own with respect to government borrowing. According to the Treasury Department, the forty-two presidents who held office between 1789 and 2000 borrowed a combined total of $1.01 trillion from foreign governments and financial institutions. But between 2001 and 2005 alone, the Bush White House borrowed $1.05 trillion, more than all of the previous presidencies combined. Having inherited the largest federal surplus in American history in 2001, he has turned it into the largest deficit ever -- with an even higher deficit, $423 billion, forecast for fiscal year 2006. Yet Bush -- sounding much like Herbert Hoover in 1930 predicting that "prosperity is just around the corner" -- insists that he will cut federal deficits in half by 2009, and that the best way to guarantee this would be to make permanent his tax cuts, which helped cause the deficit in the first place!


Ok, this not so trivial factoid is in need of repeating. The 42 presidents before him borrowed $.04 trillion less than Bush has, and he still has 1002 days left in office. I mean, can you fucking believe that!

This is a Time cover I want to see.