The Daily Show. But this time, the focus is more on how the administration plans to deal on picking up Katrina’s tab from the Big Easy.
Basically. New Orleans had a one night stand with Katrina that has left this city with a hangover and an empty wallet. Because no one expected a hurricane to hit and damange a below sea level city, New Orleans needs money… badly. How much? As Jon Stewart says:
It’s still unclear how exactly how much will be needed to help the gulf coast recover. But this week’s Newsweek puts the price tag at $200 billion dollars.
Damn. That’s a hefty sum of money. One could take over another country with those funds. So how did Bush say he was going to help pay for it?
Bush: It’s gonna cost whatever it’s gonna cost. Therefore, we should not raise taxes.
Wow. So what is your solution then? Basically, it’s the accumulation equation (for all those fellow geeks out there). In economic terms it is:
Money saved = tax dollars in – money spent + dollars printed
So if you’re not taxing, and you are paying money out, we’re either A) going more in debt or B) printing shit loads of money.
The tour de force of the clip comes from Rob Corddry, who explains this quirk in Bush’s conservative nature.
Rob Corddry: Everything the president is doing is perfect in keeping with the conservative ideal with limited government. This government believes government should be limited not in size, but effectiveness. In terms of effectiveness, this is the most limited administration we’ve ever had…
Jon Stewart: How is his record spending conservative?
Rob: Because it’s paid for by supply economics. It’s a faith based accounting approach.
Big thanks for The Daily Show for helping to show just how “conservative” the neo-cons actually are.