Let me see if I have this right.
Once upon a time there was a President. His name was Bill Clinton. Bill was a member of an organization called Democrats. All across the land Bill’s subjects prospered. The wealth of the treasury grew in size, increasing the amount of money the kingdom had and could spend. He left his subjects with a surplus of money.
The subjects of the land elected a new President. His name was George W. Bush. George was a member of an organization called Republicans. George decided his most loyal and wealthy subjects deserved a reduction in the amount of taxes they paid the treasury of the kingdom while the remainder of his subjects continued paying the customary amount of taxes. The flow of the kingdom’s revenue into the treasury decreased.
Then a terrible thing happened. A dozen or so foreign people spent a few hundred dollars, bought airplane tickets, and flew two airplanes into two skyscrapers in New York City and another airplane into the kingdom’s defense building called “The Pentagon.” A fourth airplane, headed toward the headquarters of the kingdom to destroy it was itself destroyed by faithful subjects of the kingdom in a rural field in part of the kingdom called Pennsylvania.
Much grief, consternation, and anxiety was possessed by all the subjects of the kingdom. President George, grieved over the deaths, injury, damage and fear of his subjects. He vowed to find the person who planned the attack on George’s kingdom and bring him/her to justice, dead or alive. His name was Osama who lived in a land called Afghanistan, across the sea.
President George, however, finding he did not have enough money in the kingdom’s treasury to pay for a war against Osama, began borrowing money from foreign nations to pay for the kingdom’s war. George assured his subjects they need not worry, but should go out across the kingdom and enjoy shopping and traveling about the land as they always had.
President George assembled his military might and marched into Afghanistan to find Osama to bring him to justice and punishment for the acts of death and destruction to the kingdom. Then President George remembered that another country nearby Afghanistan, called Iraq, possessed great liquid riches called oil. President George disliked the leader of the country of Iraq who he believed had tried to kill his father. That leader was called Saddam. President George coveted the oil of Iraq and wished retribution against Saddam.
Claiming that Saddam was an ally of George’s enemy, Osama, and that Saddam possessed weapons of great destruction that could be used against George’s kingdom, George, with a great display of shock and awe began an invasion of the kingdom of Saddam assuring his subjects that the oil of Iraq would pay for the invasion and remove those massive weapons from the evil Saddam’s control thereby saving George’s subjects from more death and destruction. The subjects of George cheered in gratitude to the mighty President George.
But, alas, the cost of the war against Saddam was not paid by the oil of Iraq. Large oil companies from the kingdom of George secured the oil from the kingdom of Saddam and kept the riches therefrom for themselves.
Meanwhile the surplus of money in the treasury President George inherited from President Bill evaporated. George increased the borrowing and expenditure of money to continue the wars against Osama and Saddam. Thousands of subjects of the kingdom of George and hundreds of thousands more of the subjects of Afghanistan and Iraq were killed or wounded.
Then President George was replaced by a President called Barack. He was a member of the organization called Democrats. The kingdom left to Barack was deeply in debt in large part because of the decrease in revenue into the kingdom’s treasury and the huge debt accumulated by the borrowing of money to maintain the two wars left by President George.
The good times of the kingdom of President Bill was gone. The kingdom was broke, being without money in the treasury. Subjects of the kingdom began losing jobs, homes and savings. Great gnashing of teeth and wailing arose in the kingdom.
And President Barack has been left holding the empty sack.
As I asked at the beginning, Do I have it about right?