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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Mary Cluney who wrote (103286)	2/5/2009 8:59:24 PM
From: TimF	Respond to of 542054

How could you ignore the fact that he increased spending I'm not ignoring it, if anything I'm harping on it. I might be accused of being a broken record with all my recent statements about it. Whatever the theoretical merits of tax cuts, how could he enact such tax cuts at the time he did. I don't see why it was a bad time for them. But I do see why it was a bad time to let spending grow out of control, at least once you got past the first few years with 9/11, Katrina etc. At least in his 2nd term, and even to a large extent in his first, Bush should have really tried a lot harder to control spending.

To: Mary Cluney who wrote (103286)	2/5/2009 9:04:35 PM
From: TimF	Read Replies (1) \| Respond to of 542054

Isn't the principles of balancing the budget the same with managing a budget of the United States as it is with managing your household budget. In some ways yes. In others not so much. Well I suppose its like managing your household budget, if your a CEO, who gets to set his own salary as a percentage of corporate revenue, and who is drawing a significant fraction of all of the revenue (which is far from normal, for medium or large corporations). You could increase your take, and your household budget will be in better balance even if you don't control spending well. But if you do so your hurting the company your drawing the take from, possibly even to the point of reducing its growth and thus your future take. But if you figure to help the company out you will reduce your take, then you shouldn't also start increasing your personal spending by leaps and bounds.