Monday, December 08, 2003
Federal spending soars under Bush's watch
"'President Bush has yet to meet a spending bill he doesn't like,' The Wall Street Journal complained in a recent editorial denouncing what it called 'the GOP's spending spree.' "
I'm no particular fan of small or big government, or lots or little spending, except to say that deficit spending is sometimes good in the short run and always deadly in the long run. As my econ professor likes to point out, it all depends on the yield you're getting on your debt. Sure, we could have had a balanced budget in WWII, but then we would have been speaking German now.
I'm no particular fan of small or big government, or lots or little spending, except to say that deficit spending is sometimes good in the short run and always deadly in the long run. As my econ professor likes to point out, it all depends on the yield you're getting on your debt. Sure, we could have had a balanced budget in WWII, but then we would have been speaking German now.
