If repubs won, would they go on a spending binge?

[Madison320]

My guess is that if republicans win all 3 branches they'd go on a spending binge similar to the one the democrats went on back in 2008. Remember how the democrats passed that massive stimulus bill and crammed in all the stuff they had been waiting to pass during the time the republicans were in control? I'll bet republicans are building up a similar "wish list" if they get in power.

The only good news is that once the dollar collapses, the government WILL shrink.

[Zippyjuan]

They both love to spend somebody else's money (or borrow it since they don't want to really raise taxes to pay for it either)- they just like to spend it on different things.


http://articles.businessinsider.com/2011-07-26/news/30010325_1_bush-tax-spending-bills-fiscal-responsibility






To listen to Congressional Republicans tell it, you'd think the US's colossal budget and debt problem was caused by one simple thing: The Democrats.

And although the Republicans do deserve significant credit for finally focusing the country and Washington on the magnitude of the problem--really--their hypocrisy on this issue is almost unbearable.

As we've reported, and as the three charts below show, the Republicans are every bit as responsible for the country's budget and debt mess as the Democrats (if not more so).

So it's no wonder that the great silent majority of reasonable Americans are disgusted by what's going on in Washington.


Don't believe that the Republicans are just as responsible as the Democrats for our current mess?

Check out the charts below.


Read more: http://articles.businessinsider.com/2011-07-26/news/30010325_1_bush-tax-spending-bills-fiscal-responsibility#ixzz1z3IkAO2y
New York Times chart following link above:
http://graphics8.nytimes.com/images/2011/07/24/opinion/sunday/24editorial_graph2/24editorial_graph2-popup.gif


The first graph shows the difference between budget projections and budget reality. In 2001, President George W. Bush inherited a surplus, with projections by the Congressional Budget Office for ever-increasing surpluses, assuming continuation of the good economy and President Bill Clinton’s policies. But every year starting in 2002, the budget fell into deficit. In January 2009, just before President Obama took office, the budget office projected a $1.2 trillion deficit for 2009 and deficits in subsequent years, based on continuing Mr. Bush’s policies and the effects of recession. Mr. Obama’s policies in 2009 and 2010, including the stimulus package, added to the deficits in those years but are largely temporary.

The second graph shows that under Mr. Bush, tax cuts and war spending were the biggest policy drivers of the swing from projected surpluses to deficits from 2002 to 2009. Budget estimates that didn’t foresee the recessions in 2001 and in 2008 and 2009 also contributed to deficits. Mr. Obama’s policies, taken out to 2017, add to deficits, but not by nearly as much.

A few lessons can be drawn from the numbers. First, the Bush tax cuts have had a huge damaging effect. If all of them expired as scheduled at the end of 2012, future deficits would be cut by about half, to sustainable levels. Second, a healthy budget requires a healthy economy; recessions wreak havoc by reducing tax revenue. Government has to spur demand and create jobs in a deep downturn, even though doing so worsens the deficit in the short run. Third, spending cuts alone will not close the gap. The chronic revenue shortfalls from serial tax cuts are simply too deep to fill with spending cuts alone. Taxes have to go up.


http://graphics8.nytimes.com/images/2011/07/24/opinion/sunday/24editorial_graph1/24editorial_graph1-popup.gif

[Kylie]

They wouldn't go on a spending spree, per se, it would be War.

The spending in the next one they start will be insane I'm sure.


http://www.youtube.com/watch?v=nZMwKPmsbWE

[Austrian Econ Disciple]

Lol, remember there's no such thing as a dumb question? Sorry, there is, and this thread is the first exhibition.

[Koz]

I predict at least a couple of new wars with a price tag of a couple trillion. The MIC will go nuts, guaranteed.

[heavenlyboy34]

I predict at least a couple of new wars with a price tag of a couple trillion. The MIC will go nuts, guaranteed.
Wouldn't surprise me. War is a very profitable racket if you're a racketeer.