McCain's Economics policy could lead to another bail out

Red, You are correct that the spending during both times caused these huge deficits. But, what we all know about Washington is nothing is free, you always have to give to get, and that is why you get spending increase, when you get tax decreases. Compasionate conservatives like Bush, wouldn't continue PayGo, because they didn't want to be handcuffed when it came to spending. Under Clinton, when you spent one dollar, you had to cut one dollar from somewhere else, this created a budget surplus (that Bush quickly took care of). Why should the legislators get a real job when they can continue to act like crooks, and make REAL money doing so. I remember hearing Trent Lott saying that he was not going to run for reeleciton because he wanted to make some money. Trent Lott is now a lobbist.

Yes, the problem ultimately is that we voters send undisiplined weak willed people to represent us. Too bad everyone is not willing to give up something at the same time without expecting anything in return except a balanced budget.

BTW: I'm not happy with Bush on his spending or his policy about the country's borders.

Piasabird, thank you for your response. I have to disagree with you on this subject. Under our current tax policy, people that make over $250,000 are taxed more (by percentage) than someone who makes $10,000. Thus, our current tax policy is SOCIALISM, we are taking more money from the rich, and giving it to people that have children, or make less than a certain amount. I understand that people don't like the word "Socialism", but if you look at the $1.3 TRILLION dollars that we have spent in the last month on Private losses, from Public companies, you start to wonder why it is that the government has to pick up the bill from all of these bad investment made by men that were making hundreds of millions of dollar the last ten years. If you think that all of the sub prime loans caused this crisis then you need to look at the number of forclosures, and the income levels of some of them. There are houses in the millions of dollars being forclosed on, and I can tell you right now, that those houses weren't bought by people with bad credit, or part of the sub prime. Republicans have tried to blame Democrats that gave lenders tax breaks to provide loans to people with lower credit numbers, and in inner cities. Even the economist have said that these loans weren't even a big part of the problem, as a matter of fact many of these loans are in better shape then the other loans. I understand that you are doing better today, but the vast majority of Americans, are not, and the polls show that. We have tried Trickle Down Economics for the last 8 years, and it has led to two recessions, and a $1.3 + Trillion dollar bail out. Do you actually think that doing this for the next 4 years is a good idea? No offense, but your statement at the begining of your post about not knowing alot about the economy has proven itself to be correct.

Thanks for your response Matt. I couldn't agree with you more about the privatizing their profits, and Publicizing their loses. This is the second time this has happened in the last 25 years, and both times republicans were in office. Do we really want 4 more years of this?