Quote:
Originally posted by widebody911
Maybe, but not when you're spending at a rate that's exponetially faster than which you can grow, and when the foundations of said growth have been sent to India and China for better short term profits for a handful of people.
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you mean that Bush shouldn't have spent it. Your right about Not spending it to begin with.. I think Bushed pissed off both parties by taking away almost all the cash that could be hustled. He didn't leave much for the pork dinners that's for sure. Objectively it's still managable or you would have seen the bond market react. The bond market is currently reacting to inflation expectations, not the budget. Please don't say the deficit causes inflation in todays market.
fwiw.. I think there will be a major push to control congress' spending in Bush's second term.