AMERICA NEEDS BUBBA BACK IN THE WHITE HOUSE!
Originally Posted by bigtex
Well, he would be a significant upgrade over the guy we have in there now, don't you think?
Remember, federal government spending
fell by more than three percentage points during Bill's presidency. Obviously, fiscal responsibilty was thrown out the window during the terms of Dubya and Obama. Now we have a very big, very bad meal to digest. We'll be paying for this orgy of overspending for many years. The fact that the economy is sluggish with few prospects for economic growth should surprise no one.
And anyone who thinks we needed a massive $860 billion "stimulus package" to restart the economy should take a more reasoned look at economic history. For example, check this:
http://www.washingtonpost.com/opinio...sEQ_story.html
If Paul Krugman had been around at the time, his head would probably have exploded.
That was before anyone got the idea that massive government intervention was required in order to "rescue" an economy from recession. Yet history shows that economies always did recover, and usually quite robustly.
A big, entrenched increase in government spending
retards prospects for economic growth; it does not "stimulate" them.