[vigabrand]

Originally posted by Arryn:

quote:

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Originally posted by Graeme Dice:
I think that a much more likely reason for the economy to be surging is that the government has added over a hundred billion dollars into the economy through deficit spending.

To add to this, for the sake of attempting to educate Viga, that deficit spending was/is the Iraq situation. And the surge is mainly in defense-related industries, and the local areas the plants are located in. Atlanta happens to be one of those fortunate areas. Houston isn't, hence I'm not reaping the alleged benefits of the government's (unsound) policy of mortgaging the future to cater to the present.

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First off, you aren't educating anyone. These are the same arguments leftists made when Reagan did the same thing. Sorry to burst your bubble, but those policies led to the good economy of the 90's. That and a repulican controlled Congress. Iraq is not the only thing causing deficit spending, perhaps you were not paying attention when Bush aided Ted Kennedy in the largest education bill ever. Perhaps you were sleeping when Bush got the prescription drup program passed. Congressional spending is rampant and I'm not happy with a lot of Bushes domestic spending, but I whole heartedly support spending in Iraq and wherever we decide to kick butt. Iraq aside, spending has got to be curbed and the budget balanced, WITH tax cuts. There is plenty of room to trim the fat while leaving more money for us to fuel the economy. You guys might argue that the gov't is what fueled the economy, but again I say, ask the experts. All consumer product selling companies are reporting greater earnings since the tax cuts, as are consumer creditors, real esatate is on the rise, tech is slowly recovering, health care is on the rise (private). Not everyone is feeling the effects, but most Americans are.