No Accountability

For all you Chicken Littles out there, I hope you feel relieved to discover that your government is asking for $700 billion of your hard earned money with absolutely NO RESTRICTIONS!  How many of you trust these guys enough to give them a blank check?  Not me.  From the NY Times today:

The proposal, not quite three pages long, was stunning for its stark simplicity. It would raise the national debt ceiling to $11.3 trillion. And it would place no restrictions on the administration other than requiring semiannual reports to Congress, granting the Treasury secretary unprecedented power to buy and resell mortgage debt.

This is unbelievable.  And if the sky truly is falling, then Henry Paulson will have to agree to some oversight or the world will come to an end.

I’m betting Paulson says no and then we’ll know we’re being taken to the cleaners AGAIN.  Suckers.


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