It was never much of an honest debate. The recession that came at the end of Bush's second term caused a massive deficit, not spending.

However, I think it remains to be seen if the economy heals like expected. Hiring still is anemic, and people are coming back to earn less. Perhaps that will change when things get moving; however, I think it's just as likely we'll end up with a bubble rather than a general recovery.

posted 2639 days ago