Pretty much dead on. For Christ's sake, we can't keep spending like this without any changes in our fiscal policy. Our eonomy isn't going to recover that drastically if we are under 14 trillion dollars of debt with it encompassing over 100% of our GDP!
Spending is too low Duke. I find it bizarre that people remark at 'spending like this', when historically (when america was a better place because of it) we spend far, far more. In a tolerable and economically vibrant society federal spending should be around 25% of the economy at least.
The problem is inadequate taxation of the rich, not excessive spending.
