Thursday, October 14, 2010

Fall Elections - #2269 - Deficits and Depression - Real Clear Politics

We will learn in November just how angry the public is about a lot of things, from higher taxes to massive unemployment. But the popular uproar pales in comparison to the sense of humiliation that we Americans are quite broke. In 2008, the public was furious at George W. Bush, not because he was too much of a right-wing tightwad, but because he ran up a series of what were then thought to be gargantuan deficits. The result was that under a supposedly conservative administration, and despite six years of an allegedly small-government Republican Congress, the deficit nearly doubled from $3.3 trillion to $6.3 trillion in just eight years.......In this upcoming election, all the old political pluses -- years of incumbency, entrenched seniority and pork-barrel earmarks -- are proving to be liabilities. Instead, the more public officials admit to being in control when trillions of dollars were run up, the more Americans want them gone. We are humiliated by what we owe. If we cannot pay it back, we at least want political payback. It's that simple this year. Read more.......

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