State of the Union's Bankruptcy

While the Oil Industry has benefited with record profits due to limiting supplies and expanding prices across the board under The Administration, the State hasn't quite had the same luck. The Bush Administration's annual budget has grown over the past 5 years to record expenditures, and with his record tax cuts ["make them permanent!" they cry], the State has been borrowing record, and harrowing, sums of cash from foreign interests. $188 billion in the first quarter of 2006, in fact.

Even the tax-reform, arch-conservative tax reformist group The Heritage Foundation is neigh too pleased with this.

I, for one, am excited for the State of the Union address tomorrow night. I'm sure he'll point out just how wonderful our financial condition has become under his watch.