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Trillion Is the New Billion
Bush was a disaster at cutting spending, but under Obama the U.S. deficit is $1.8 trillion and the cost of health-care reform is $829 billion. These numbers are going to sink us, says Christopher Buckley. WATCH VIDEO.
Plus: More Daily Beast contributors on Obama’s election anniversary
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Lloyd Grove is editor at large for The Daily Beast. He is also a frequent contributor to New York magazine and was a contributing editor for Condé Nast Portfolio. He wrote a gossip column for the New York Daily News from 2003 to 2006. Prior to that, he wrote the Reliable Source column for the Washington Post, where he spent 23 years covering politics, the media, and other subjects.
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repubs are babies that need a cookie NOW!!!! give me the cookie NOW!!! i want it NOW!!!!! no vision for the next 50 years. that's whythey always f-ck everything up, every time they are in office.
This is a forthright and honest explanation from Buckley of the alarm that should be sounded when what is occurring both in Washington and on Wall St. vis-a-vis the Bank Bailouts that have been handed out and then INCINERATED, as CIT Financial just demonstrated on Sunday. Maybe Rome didn't burn to the ground as thought and they simply INCINERATED money as we did by giving CIT 2.8 Billion only to find out a year later that it is all gone and they are Bankrupt. How smart is this strategy, exactly?
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