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Wednesday, September 14, 2011

Starve The Beast


I'm certain that the current Republican strategy is to "Starve the Beast" --see in Wikipedia below:
Starve the beast - Wikipedia, the free encyclopedia:

The Republican Party wants to spend for their "pet" projects when they have power --even if it requires immense deficit spending -- but to do so, they have to force the Democratic Party, when in power, to cut spending and raise taxes, if required.

That probably would be OK, if the Republicans spent money wisely. However during both of the Bush presidencies, there was more "pork" (earmarks) in the budget than ever before. Much of it was very wasteful (bridge to nowhere, for example), unnecessary wars in Afghanistan and Iraq. They fought for reduced regulation in business which prompted the Enron collapse, and then the mortgage industry collapse -- both of those events cost the government immense amounts of money that was all borrowed.

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