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Old 12-16-2009, 06:52 AM   #2
FafnerMorell
Warrior 4 the working-day
 
Join Date: Mar 2005
Location: Texas
Posts: 4,629
In fairness, Bush and the Republican controlled congress period of the mid 2000s did little to help pay down the debt. There's always some excuse for the government to grow spending, and it's been easy to borrow money.

While Obama's taken it to whole new levels, eventually the piper is going to come due. Also scary is that one of the leading causes (supposedly) of the current financial crisis is the Fed Reserve leaving interest rates so low after the 2001-2002 recession - and now it's doing the same (only even more so).
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Fafner Wabbitslayer, Retired Shaman of Reviction, Erollisi Marr/Morell Thule
"This story shall the good man teach his son;...
From this day to the ending of the world,"
-- William Shakespeare, Henvy V, Act 4, Scene 3
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