Should Be in the Guinness Book of Records

This November just passed broke a record…$150.4 billion additional debt; in just thirty days.

The Jurassic Press is saying that if the Obama tax hikes aren’t passed (usually referred to as Bush tax cuts) it will cost the government $855 billion over two years. Bush tax rates were passed in two bills, the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) and the Jobs and Growth Tax Relief Reconciliation Act of 2003 (JGTRRA). Just taking the 2003 cuts, using the Jurassic Press’ calculations, that means the US government lost $855 billion in 2003-04, another $855 billion 05-06, another $855 billion 07-08, and another $855 billion 09-10. Yikes! That’s like three and a half $trillion those poor politicians couldn’t get their hands on. Those poor deprived souls.

Does anyone actually believe that $3 trillion plus would really have been spent to reduce debt? That would have been wisely spent? Sadly, there are. Geeeeez.