[chiller]

No question spending is a problem. 'W's plan to cut taxes has a secondary affect of reducing what's available to spend. He knows it. He's said it.

Two things got in the way to raise the deficit. 1) War 2) Stock market bubble burst.

Trust the man. He's the first in a long time to tell agencies to cut their spending. No or smaller automatic increases.

[freeper12]

>>Trust the man. He's the first in a long time to tell agencies to cut their spending

I certainly hope you are right...but the longer he waits, the bigger the defecits, the bigger the debt, which increaes the debt payments...already we pay over $300B per year to service the debt...if the debt keeps going up, he may in fact be able to decrease agency spending, but we;ll just swap those payments for more debt payments.

I can't help but visualize Bush at las vegas, having been dealt a bad hand, and finds himself in the hole throwing the dice and saying "double or nothing". My fear is that unless *everything* works perfectly, he is playing an extremely risky game with this tax plan.

If the war goes bad, if korea goes bad, if the economy continues to falter, if the tax plan does not stimulate jobs, if more terrorists attacks etc...we could be looking at a $10TRILLION dollar defecit in a few short years and $450-$500Billion debt payments.