Well, if you believe the guy who spoke a few weeks ago --- I think he was the Comptroller of the GAO? --- in short order, this country is going to be f--ked economically. We buy sh-- on credit cards, when all's said and done, Iraq and Afghanistan will have cost about $2T, our trade deficits have tanked in the past 20+ years.... Deficit finance is how things are getting done. We've spent and spent and spent and at the same time cut taxes after Clinton. For whatever else you have to say about him, had us on the right path re: national debt, and with a Repub. check-and-balance, a measure of fiscal responsibility w/ balanced budgets.
In the relatively near future, the bills and interest we are accruing now will be due.
And to fix the problem, it's going to have to be: 'Tax and no-spend.'