Thursday, November 25, 2004
Copyright © Las Vegas Mercury
<snip> Back when Reagan ruled the roost, the doctrine of fiscal conservativism was ascendant. In magazines and op-ed pieces, that is. In truth, Reagan spent money hand over fist and saddled America with a huge debt. But the Republicans were still, somehow, the conservative ones, because the Democrats loved spending money even more.
Then along came Bill Clinton, and with him eight years of peace and prosperity. For the first time since John F. Kennedy was in the White House, the budget was balanced, and the country even saw a surplus.
That all ended when George W. Bush became president, invaded Iraq under false pretenses and charged it. Record surpluses became record deficits, so much so that by the end of last week, almost every Republican voted to raise the debt ceiling by $800 billion, to a grand total of $8.18 trillion.
The Republicans who used to tell us we should run the government like a family budget and cut when times were tough are extinct. In their place are Republicans who, when times are tough, apparently call Citibank and ask for an increase in their credit line. <snip>
http://www.lasvegasmercury.com/2004/MERC-Nov-25-Thu-2004/25321708.html