Reply #27: Is Dubya saying that the U.S. Government will ...

[damntexdem]

default on its bonds? If so, this will not be good for the economy.

Of course, in one sense Dubya is right: a surplus was being built up under Clinton that COULD HAVE retired these bonds, and the proceeds invested in the stock market. Instead, Dubya and the GOP Congress gave away the surplus, and much much more, to their rich friends through tax cuts. Of course conservatives would have had a fit because the gummint would have too much control over the Market. Besides, it was assumed that government bonds were more secure than risky investments in stocks. Well, with the Bushistas in power, nothing the U.S. Government touches may be secure.