The worst part about the whole system is that the current government can spend like drunken sailors AND lower taxes, for a while. Usually about 4 or 5 years. The problem is that the bill comes due sooner or later, and everyone ends up paying.
Deficit spending is deficit spending. If they don't take you now, they will have to tax you PLUS interest later to pay for it all. It is sort of like not having deductions on a paycheck all year - at the end of the year, you end up paying an assload of tax. You felt good all year with that extra cash in your pocket (that you probably spent) but in the end, you have to tighten your belt to the max to pay your taxes.
With the 4 / 8 year presidential cycle, it is easy to set budget problems to blow up after you are gone. Both sides do it.
Buff, "tax and spend liberal" is as approproate a term as "Bush is a ficsal conservative". Don't let preconceived notions block your ability to see the actual numbers for the last 10 years. You would see a trend that would surprise you. Would you like to be taxed $1 now, or $1.10 next week?
Alex
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Let's go to the edge of disaster Push the pedal and go a little faster Let's slam into a wall at ramming speed Let's go to the edge of a mountain Jump off and lets start countin' Hit the ground and tell me if it bleeds
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