Read the article again.
FTA:
The CBO says that, merely in the two years that Democrats have run Congress, federal expenditures are up $429 billion -- to $3.158 trillion.
Rather than sort through priorities, Congress is spending more on just about everything.
Meanwhile, remember that "pay as you go" spending promise that Speaker Nancy Pelosi made in 2006? We called it a ruse at the time, and the last two years have proved it.
The problem with the Federal debt gluttony is that it transcends both parties and has been going on for decades.
What happens when the trough is finally empty and our hosts (debt buyers and holders) are unwilling to refill it?
They go down too. Their economies are linked to ours.
*** What happens when the trough is finally empty and our hosts (debt buyers and holders) are unwilling to refill it?***
We raise taxes or print the money. Either way will devastate the economy. We either have our dollars stolen, or we have their value stolen through devaluation.
That is why we need someone in the Whitehouse like Sarah Palin who isn’t afraid to use the veto pen on spending.
Unfortunately, somehow the courts decided that the “line-item” VETO was unconstitutional....
Which means that in the 6 years prior, when Republicans ran the show, federal expenditures were up over $800 billion. And that's an improvement how?
Anyone who really thinks that either candidate will reign in spending is only deluding themselves.