The Senate has decided to upstage the House with its own version of the bailout, which is going to include tax breaks. So much for the notion that the crisis was going to impose a new fiscal discipline on America.
Granted the "tax cut" is a fix to the alternative minimum tax which was flawed when it was written because it wasn't indexed to inflation. Nevertheless, it adds more to the estimates of the federal deficit. For the moment, the feds have managed to create so much anxiety that everybody wants their debt, but if that ever changes, the U.S. government is just going to be a large scale version of Lehman Brothers.
Out here on the Oregon Coast, our little local governments have to keep expenses within revenues. Probably the same in Alaska. Maybe Palin has more credentials for running the national government than I've given her credit for.
Just kidding.
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Since Alaska is oil rich, Palin gets to buy the voters a la Hugo Chavez.
We need to invest in alternative energy technology so that we can cut off the lifeblood of petro-dictators like Sarah Palin.
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