Yes, I agree that Bush consented to an insane amount of spending, whether the prescription drug care plan, increased educational spending, the cost of the war, etc.

He was too ready to go along with the Democrats and liberal Republicans on the budget in order to advance the war to even veto one spending bill. He is a complete fiscal failure.

Moreover, and more important long term, he completely retreated from his positions in attempting to reform Fannie, Freddie, and Social Security after the Democrats countered. He should have gone down with the ship on these.

Also, I don’t know what happened to the “fiscal conservatives” in Congress? Maybe they were too intoxicated with DC power and they went along with everything, too?

As a fiscal conservative, I must admit that I’m not too worried about Obama’s spending plan. It is so preposterous right now, given the current economic climate, that I don’t think it will be enacted, even with a liberal Congress.

In the debate, I believe he said that he would only be raising taxes on 5% of the US Corporations that make $250,000 per year. The great bulk of small businesses fail and, of course, most never bring in $250,000 per year. So, what he is really saying is that he wants to tax the most productive companies in the US who do most of the private-sector hiring during a hyper-recession.

This plan will never get passed. The DC business lobby will kill it. If he really wants to increase social spending to this extent, he will just add to our debt like everyone president before him, but I can’t envision a significant increase in corporate taxes anytime soon.