Conservatives and liberals have one more reason to be angry at the Bush Administration. It's the White House's "Borrow and spend" approach to finance.
I do not believe God demands a balanced budget, but common sense suggests keeping any deficits very small.
This morning, the IMF, hardly un friendly to the US. warned that the huge and growing US budget deficits imperil the world economy. In his new book, Robert Rubin makes a similar argument, says George Will (!).
Critics who warn that our grandchildren will have to pay for this irresponsibility are optimistic. A global Depression could happen first.