Where Is The Restraint?
In a recently released report, federal spending in fiscal year 2006 increased by a whopping 9% - the largest rise since 1990 - and has risen more than 40% since President Bush took office (a gift for democrats). The most recent rise far outpaces inflation - the Consumer Price Index is up only 1.3% in the past 12 months.
Whatever happened to the Republican and conservative ideals of limited government and fiscal responsibility? Our hard-earned tax dollar money is being frittered away by a spend thrift administration that is betraying its roots and principles.
It is no shock that voters took the step of "throwing the bums out" on election day two weeks ago. However, it is still left to be seen whether or not the Democrats can do any better. The good news for the stock market now is that there is some gridlock in Washington. It is clear that Republicans got drunk with power and completely abandoned the platform of fiscal restraint. And to think that Tom Delay said that after 11 years, the party had cut spending to the bone. Outrageous!!!
Related Tags: stocks, economy, democrats, politics, repulicans
With more than eight years of experience in investing, Ashish Gupta started his financial website http://www.istockanalyst.com
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