And We Call These People "Hon."!
20 April 2006
The Editor, The New York Post
To the Editor:
Let me get this straight. Uncle Sam annually spends hundreds of billions of dollars more than he reaps in taxes. To finance his reckless deficit spending, he must borrow dollars. The Chinese oblige by lending him dollars. Congress and the administration then self-righteously accuse China of financial misconduct ("Bush, Hu Make Little Progress on Trade," April 20). Hmmm....
Uncle Sam is behaving like a drunkard who blames his alcoholism on Jack Daniels.
Sincerely,
Donald J. Boudreaux
Chairman, Department of Economics
George Mason University
The Editor, The New York Post
To the Editor:
Let me get this straight. Uncle Sam annually spends hundreds of billions of dollars more than he reaps in taxes. To finance his reckless deficit spending, he must borrow dollars. The Chinese oblige by lending him dollars. Congress and the administration then self-righteously accuse China of financial misconduct ("Bush, Hu Make Little Progress on Trade," April 20). Hmmm....
Uncle Sam is behaving like a drunkard who blames his alcoholism on Jack Daniels.
Sincerely,
Donald J. Boudreaux
Chairman, Department of Economics
George Mason University
Posted by Don Boudreaux on
Friday January 26, 2007 at 7:34am