The US Economy - A Ponzi Scheme

[finnbow]

Originally Posted by whell

I've never denied he "balanced the budget" as gov't wonks define a balanced budget. My point has simply been that the definition of balanced as our gov't uses the term includes borrowed funds as "income". That's like saying: "I paid off my Master Card with my Visa."

The idea that we're still experiencing the consequences of Bush budgets is yet another leftist apologist phrase. How you label yourself a "fiscal conservative" is beyond me if you cling to that fable.

Not his budgets, per se, but the lasting effects of his policies (i.e., his tax cuts persist as does the legacy of the recession that resulted from his lax regulatory policy).