The excessive spending occurred before this administration got here.
...and since this administration took office. We were suppose to get change, where's the scalpel?
You are going to get no arguement Bush over spend and congress allowed him to do it. That does not make this administration immune to the criticism.
The previous administration lowered the tax rate on the wealthiest Americans, cut spending on infrastructure, cut spending on all regulation including offshore drilling and banking, entered two wars and did not even show them in the budget, did not deal w/ the increasing cost of Medicare and Social Security, etc...
What is wrong with cutting taxes for the wealthiest people when they pay the majority of taxes?
50% of American's pay no income tax and half of those get money back, redistribution at its finest.
The previous administration didn't cut spending near enough nor did they cut enough to cover the tax breaks. They should have.
Medicare and othe medical costs are continueing to go up. Surely you don't believe the new health care legislation is going to actually reduce those costs. The party of no should have taken their crack at it years ago.
So now we enter a Recession in 2007 bordering on a Great Depression and EVERY single economist that knows anything at all, of either political stripe, says the same thing. Increasing spending temporarily is absolutely necessary to save us from the Great Depression and 20-30-40-50% unemployement. Cutting back right then would have ruined this country for 2 decades.
Some of us were willing to take that chance in order to leave our children with less debt and less guberment.
I know it's politically popular to complain about the deficit but the facts are that Clinton inherited a budget deficit and handed Bush a budget surplus. Which Bush then turned into a deficit again and a recession. It takes time to undue the simpleton Republican policies that will BK our nation but current policies are doing that.
Clinton, with the correct people in congress handed Bush a surplus. Look at Clinton's early term to see what his ideals were. No doubt Bush blew the budget.
A good politician avoids getting all up in a tizzy based on current public opinion. The fact is most of the public is uninformed and has a simple view of how these things interact. A good politician will assemble a panel of experts on a particular topic and follow their advice for the good of our nation even if it is against popular critisism. This is my biggest problem w/ the modern Republican in the Palin stripe. No consistency, no strength, just do or say what ever the loudest members of the public say to get reelected at any cost even when they damn well know it will hurt the nation.
The best way to get out of the red financially is to get the economy humming again so tax receipts climb combined w/ budget cuts once we are completely out of the recession. But cutting the budget now would plunge our economy into recession.
Faux news never mentions that the current admin has only spent 25% of the TARP fund or that most has been paid back w/ interest and actually made the governement money. Did you know TARP is 42% smaller than what Reagan had to spend on the Savings & Loan scandal 20 years ago? Of course not, since a Republican did that Faux news is going to conviently ignore that little fact.
It's not Conservative principles I have a problem with. It's the constant misinformation you people are fed by mega-corporations as they play you like a $3 banjo to get exactly what they want. Many of these corps have actually had internal documents on how to mislead the public to sway public opinion and get what they want. The worst offender is a foreign Billionaire that has flat stated that he doesn't care about politics or facts, only profit. This is the man that owns and runs the organization you get your info about YOUR American government from.
Do you believe what you are told in regards to the TARP and its repayments? It has already been proven GM didn't really pay back their funds. How many more instances that have not been uncovered are there? Or has MSNBC and the like played you like a $3 banjo.
The simple fact, without reduced spending we are going backrupt, a simple mind is not needed to see that.