Submitted by Scott Baker, Aug 24, 2007 10:52

It's nice to see the deficit shrink, but what about the DEBT? At present rates, Bush will have nearly doubled the national debt by the time he leaves office - from 6 trillion to 12 trillion. With the current stock market swoon, I'm not counting on such revenue strength as we've seen in the last few years. Last time I checked, about a quarter of every tax dollar went to pay interest on the debt - no wonder it never seems like we're getting our money out of Washington - there's a 25% tax on everything! The fact is, the federal budget has grwon more under this supposedly conservative President than in any time in history, at least in nominal terms. Washington lobiests, pork and waste and fraud have never been greater - whether in New Orleans or Iraq. Where is the frugality conservatives are supposed to have?

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