The pubbies are not going to allow anything like “torrential spending”. They control the House so they control the purse strings.
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The House just approved a $1.1 trillion spending bill. How can that not be considered torrential spending? In effect, it was the un-sequester bill.
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Ok you got me. So let me amend that by saying that spending would relatively speaking be torrential if the dems controlled the house. Now its merely a lot. Still the republicans have succeeded in slowing the growth of federal outlays. If revenues to fed keep growing as they have in the last year or two, then merely slowing the growth in federal spending will have the effect of shrinking the budget deficit rather rapidly—as happened under Clinton.
Even though the deficit is shrinking (from extremely high levels), it is still a very substantial amount and is contributing to a steadily increasing debt load. Looking at the national debt clock and its inexorable march toward $18 trillion just makes me ill.
Democrats and Republicans have put us on a path toward a financial calamity.