Please join me in welcoming Democratic Veteran to the blogroll. I've been noticing this fine blog getting a lot of pointers lately--not the least because of a declared intention to investigate Bush II's National Guard service record--but the clincher was this great recap of the first few weeks of the newly Republican Congress.
Seriously, folks, cutting taxes may be all well and good if you're really going to cut spending along with it. (And yes, a case coul be made for running a temporary deficit during a recession.) But the plain fact is that spending hasn't decreased at all under Bush II, in part because of the so-called War on Terror, and the coming fracas with Iraq is going to carry a big price tag (even if the White House did revise the numbers downward), most of which the US gets to pay by itself this time. The bottom line, so to speak, is that however much the Administration talks up how important it thinks these things are, it has not the slightest intention of paying for them.
Cutting government revenue while increasing government spending is a recipe for massive government debt, and those bills are going to come due someday--it isn't free money. The dishonesty of Bush's economic plans are self-evident.
Democratic Veteran has it right: "Borrow and Spend, the conservative philosophy for the 21st Century, brought to you by your friendly Credit-Card Conservatives."