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DC,
I agree spending during the Bush administration has been historically high by most measures with the exception of deficit spending as a percentage of GDP. However, given the ratio of discretionary to non discretionary spending it seem to me no matter who sits in the Oval office the general spending trend is out of control. On the other side of the equation we have taxes collected. Taxes collected by the federal government has gone up even after the "Bush Tax cuts". No matter how you look at it, either taxes collected and spent by the government or money that stayed in the hands of citizens the money did not disappear and the money is still some where doing something affecting the economy. And that money can be taken away from citizens anytime the government wants it, I can argue that the tax cuts are not material to the long-term underlying trends in the deficit and debt. Spending is the key factor in my opinion. But, I assume we disagree on the impact of the tax cuts, however, do you think a Democratic President and a Democratic controlled Congress will bring spending under control?
I actually want Democrats to have control of the oval office and Congress, I am interested in knowing what they really want to do. I wonder if they will address Social Security and Medicare, and I wonder if they will fix those problems before nationalizing health care, which will be another massive non-discretionary budget item for future generations.
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"Democracy is two wolves and a sheep voting on lunch."
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"If you live among wolves you have to act like one."
"A lady screams at the mouse but smiles at the wolf. A gentleman is a wolf who sends flowers."
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