I have already blown my fuze in a related topic that I started on the $500 billion budget deficit. So I will be short here. US budget deficit nearing $500 billion
The blame for this $8 trillion does not fall on Bush alone. He may be the leader but congress approves his budgets. If I remember correctly, many democrats support this massive spending plans. In my opinion, everyone has their hand in the cookie jar, so everyone shares the blame.
There has not been any group that has stood up to the massive spending by the government. The dems will say a comment here or there, but nothing like blowing the budget out of the water like it should. As I said in my other thread, our government is living in a fanticy world. how can we cut taxes when we are over $400 billion in the red? Allen Greenspan seems to be the only one who got it right by warning the government over 6 times in 1 year about overspending.
The issue of this lack of financial fundamentals has seriously weakened my support for the Republicans. Once upon a time, the Republicans stood for a small federal government. My how the times have changed. I am seriously looking to become a libertarian. Although radical in some ways (name me a group that is not?), they realize that spending needs to be cut wayyyyyyyyy back. None of this petty $40 billion over 5 years that the President passed a month ago.
Chief, as far as the debit part of your post. I am with ya