On Sat, 31 Jul 2010 23:12:26 -0700, "Bill McKee"
wrote:




The Feds and the States have been overspending for years. Clinton Era was
even worse. They had a huge bubble of money from the Dot.com bubble and
committed that money in to future spending as if the money was going to flow
forever.

biggest spending package in recent years?

bush spent a trillion in iraq.

bush inherited a surplus and a balanced budget. then he gave away
trillions to the rich in the form of tax cuts and increased deficit
spending to 9% of GDP


Obama is spending money we do not have at an
astronomical rate. May need to fix my Orion Short Tube telescope to see the
money in a short time. How may people have spent themselves out of debt?

the ramp up in spending happened under bush due to his depression
causing spending and tax policies

but, bush is white you see...so he can't be blamed...