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Going, Going, Gone
February 6, 2009 - Rob Weaver
The lyrics to “Going, Going, Gone,” the version by Si Kahn, were written more than 22 years ago. But they seem more apt today, when the federal government is taking deficit spending and the national debt to new heights — or depths.
One startling aspect of the stimulus plans (either the $819 billion version passed by the House or the $900 billion Senate version being debated at this writing) is neither seems to mention how the resulting debt would be paid.
The U.S. budget hasn’t truly been balanced since 1957. The national debt already is more than $10 trillion, although the 2008 Financial Report of the United States Government puts that indebtedness at $56 trillion.
I was thinking about those figures this week when the words to “Going, Going, Gone” began running through my head:
Oh, the scene was so familiar with farmers all around
The auctioneer was standing there, he brought his hammer down
But when they started bidding the crowd let out a roar
For they heard something on that day they'd never heard before
What am I bid for the White House? Come on, boys, don't be slow
They've overspent their credit so they'll just have to go
If they can't learn to manage it's time they're moving on
The leaders of this country are going, going gone!
I also can’t help but wonder, who would be the bidders?
for complete lyrics, see:
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