The War on Terror is worth taking on some temporary debt, but I do wonder how much of this spending is to keep the economy afloat and how much is making us more secure.
NAFTA is changing our economy and it hasn't really sunk in with the masses and possibly the administration yet. I fear that day when they realize that the manufacturing jobs that have left aren't coming back and wonder what they are going to do to subsist besides get another home equity line of credit. Retired baby boomer spending is helping a lot right now also, but that will only last so long when the deflated dollar is used to buy higher priced imports.
True, but I wasn't specifically referring to the WOT spending. I had in mind giveaways like prescription drugs, farm subsidies, federal education spending, tax "cuts" for non-taxpayers, and his other social programs. On top of the WOT spending, GWB is breaking the camel's back. It's like he's using a national credit card and hoping we'll cover the debt "when our ship comes in."
Not that I don't personally know what that's like. :)
But it is irresponsible, and it is catching up to us.
From your comment, I presume that you think NAFTA is a bad thing. One would think that after ten years, there would be some evidence, such as wage or employment data that supports your position. Please spare us the stories of Uncle Joe losing his job at the toothpick factory. Thanks in advance.