Quote:
Originally Posted by buckman
One thing I am positive about Spence is that this is in no way going to be a "short term deficit"
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Deficits only last for a fiscal year, assuming you're not creating new entitlements (like Bush's massive drug entitlement for seniors).
A Republican controlled congress can block funding for Obama's proposals that are being passed today, and if the Dems go way overboard they will not retain control of congress for long.
I think the initial spending proposals are very high, but Obama gets his shot to make things work his way. His plan does intend to bring the deficit down which is feasible assuming the recession doesn't drag on longer than anticipated.
Also very important is that Obama's plan for Iraq, a huge source of taxpayer bleeding, is being received perhaps better by the Right than the Left.
-spence