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Default Payrolls Post Biggest Annual Decline Since 1945


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On Sat, 10 Jan 2009 17:03:33 -0500, BAR wrote:


I am willing to wait it out. We don't need to go deeper into debt. It is
going to be a little bit painful for some but, that's life.


Now, you're concerned about debt? Where was all that fiscal conservatism
when the last 3 Republican administrations were piling on the debt?

http://zfacts.com/p/318.html


The last 8 year Democrat administration piled on spending also. Only
difference is there was the Dot.com boom, that allowed the administration to
overspend without excess borrowing. Same reason a Democrat controlled Calif
is in deep financial poop. During the Dot.com boom, they expanded spending,
permanent spending programs, with not permanent money.


 
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