http://www.lewrockwell.com/reese/reese118.html
Far from being the conservative he claims to be, President Bush has allowed discretionary spending to increase at a far greater rate than it did during the Clinton years. Bush has abandoned the pay-as-you-go principle and chosen to combine drastic tax cuts with fighting two wars. Lyndon Johnson tried the guns-and-butter route during the Vietnam War, and we paid for it with double-digit inflation and double-digit interest rates, followed by a severe recession. Bush is going the guns, butter and cream route, and the consequences will be bad, very bad.
Far from being the conservative he claims to be, President Bush has allowed discretionary spending to increase at a far greater rate than it did during the Clinton years. Bush has abandoned the pay-as-you-go principle and chosen to combine drastic tax cuts with fighting two wars. Lyndon Johnson tried the guns-and-butter route during the Vietnam War, and we paid for it with double-digit inflation and double-digit interest rates, followed by a severe recession. Bush is going the guns, butter and cream route, and the consequences will be bad, very bad.