While President Bush clings to tax proposals and policy largesse which benefit the well off like a life vest, the markets continue to respond to his dangerous fiscal recklessness by seeking refuge on another ship.
Dollar Drops to Record Low Against Euro
Why aren't more Democratic Congress people pointing out the folly of the enormous budget-busting tax package that President Bush wants to make permanent? Why not say, "Now that the war is dragging on we think it would be prudent to restore tax rates to solvent levels. We feel it is unwise to react to a pay-cut by going out on a spending spree, and since we can't stop spending on this protracted war we must restore the revenue. We believe the falling dollar is evidence that the markets are losing faith in America's fiscal discipline, and further that if the situation isn't corrected our debt will become more expensive and add to our debt problems."
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