Ticket Replay: Bob Barr asks exactly where all this bailout $$ will come from
The Ticket is republishing some of our favorite items for a few days. This one originally appeared here on Dec. 8, 2008. But seems like the question still stands:
Bob Barr is such a silly fellow.
You may remember he's the former conservative Republican congressman from Georgia who turned up as the Libertarian Party's presidential candidate this year, trying to disprove the theory about facial hair barring men from important federal office. Bob got not that many votes last month.
Now, here's how silly Bob is being: With all the concerns about the recession and job losses and Wall Street-automotive bailouts and housing crisis and Main Street, wherever that is, Bob -- you won't believe this -- wants to know where all this money is coming from.
Can you believe, as the president-elect's team announces fresh old Clinton faces every day and on the monthly eve of an historic presidential inauguration that's got people all excited about pomp and pageantry, this conservative wants to talk about silly things like how we're going to come up with another $1,000,000,000,000 or more?
Ridiculous! Who asks where the money is coming from at a happy time like this? It'll just be there somehow. Isn't that the way it works? Spend it, then worry later. If you have to. You're in the urgent, immediate moment now and debt concerns can wait.
The usual answer is we'll find the money by cutting wasteful spending, like subsidies for bee farmers or something.
Here's what Bob said in a recent e-mail: "For instance the Bush-Obama-McCain Bailouts (BOMB) are an example where a rush to spend our tax dollars was poorly thought out and even more poorly implemented. Where they will stop no one knows.
"As the auto industry stands in line with their hands out for your hard-earned tax dollars and the states and cities start lining up for federal help to continue their irresponsible spending, the end is nowhere in sight."
Bob said something else kinda scary. He said he hears rumors that the federal government might take over private 401k funds and fold them into the decaying Social Security system. Bye-bye personal savings.
He also said: "On May 12th when I announced my candidacy for president, our national debt was $9.366 trillion. Today, less than seven months later, our national debt is $10.681 trillion."
And, speaking of deficits, Bob adds that he's, uh, got some lingering debts of his own from the just-completed presidential campaign when he apparently spent a little more money than he actually had in hand, like Democrat Hillary Clinton did without the Mark Penn part.
Bob says if we could all maybe chip in and help pay them off, that would be really great.
Then, Barr says, he can devote his full attention to this awful national debt problem.
-- Andrew Malcolm
Photo credits: BobBarr2008.com