Battle Over Debt Ceiling Heats Up - Barrons.com

IS THERE A BUDGET OR DOES THE GOVERNMENT JUST SPEND TO SUPPORT ENTITLEMENTS?: Battle Over Debt Ceiling Heats Up - Barrons.com

Something else to be considered for evaluation is the comparison of the amount of stimulus being thrown into 2011 by the government (start with the social security tax waiver) and look at how the economy is doing (last forecast was 2% growth in the first quarter).

It would seem reasonable to have the electorate made aware of the fact that the relationship between stimulus and growth with decent fiscal policies should be on the side of much more growth.

As it is, Obama and his cohorts seem to be given a pass on their policies - but, should they be?

From everything I've read, going above 20% (or 19%) of GDP in Fed taxes is always deleterious to the economy.

We're above that now. The Democrats want us to stay there. The globally competitive tech sector is still competitive - but, doesn't the rest of the economy feel like the 1970's under one of those other great stewards of the economy - Jimmy Carter?

Gold is also suggesting that faith in Obama, et al isn't very supportive of economic stability and growth.

The whole argument on the budget and deficit would seem akin to the family where the husband (or wife) says we can't afford it and the other spouse says "we gotta have it". Sadly, Obama and liberals just believe everything they want to give away should be - ignoring (like the spending spouse) the impact on the credit rung up on the family's credit cards.