[week 71]

It's difficult to see how there can be too much of a rebound with the dramatic increase in the amount of government spending that has occurred over the last 3 years. This does not even include the soon to be passed drug bill.

[COBOL2Java]

How much more saddened can Tom Daschle be? How does the old song go: "I'm so low, I have to look up to see the curb"...

[expat_panama]

It's difficult to see how there can be too much of a rebound with the dramatic increase in the amount of government spending that has occurred over the last 3 years.

The increase is dramatic because that idiot Canadian Peter Jennings and his ilk contrive drama any chance they get.   This is fine for political rhetoric.  However, those that are less interested in political quarrels and more interested in actually knowing what's going on with the economy simply retrieve the spending data and plot a graph to notice that government spending is typical for a growing and healthy economy.

Of course everyone wants government spending reduced, just like they want everything else they buy to be on sale; but the situation is workable as is.

[GraniteStateConservative]

That's still money going into the pipeline.

[FreeReign]

It's difficult to see how there can be too much of a rebound with the dramatic increase in the amount of government spending that has occurred over the last 3 years. This does not even include the soon to be passed drug bill.

It's all relative. Federal spending has been between 18% and 24% of GDP for years. Rebounds -- relatively speaking -- do occur at this level of spending.

Now can you imagine if spending was much lower. The economic boom would be unprecedented.

BTW, the drug bill is a concern, because it does represent the part of the federal spending budget -- SS, medicare and medicaid -- that could go out of control.