This I realize, but if revenues go down, spending SHOULD go down. And spending is supposed to go down with conservatives in power anyway. Recession aside, he still increased the size of the government. Medicare Part D and No Child Left Behind are hardly pieces of conservative legislation yet they were passed and supported by so called conservatives.
I agree with your post. Spending should go down. But given 9/11, the collapse of corporations, the collpase of the dot coms, Katrina, Rita, and two wars, that’s quite a basket full.