I don't know if this has article has been disucssed over here, but I sure found it to be an interesting read.
http://www.marketwatch.com/story/oba...ned-2012-05-22
I really found this graph to be interesting:
So which party are the reckless spenders again?
As an interesting aside, it was our Federal Liberal party that had to step in with the tough medicine to fix our screwed economy and federal spending after years of conservative rule.