Below the fold

[joeydb]

Originally Posted by hurricanefrank

The leadership of this country has been fiscally irresponsible for 10 years. Appears that ain't changing any time soon.

Much longer than that: irresponsible fiscal leadership started with the passage of the Income Tax and was well underway by the time that genius FDR thought up the "Social Security" Ponzi scheme.

You'd have to go back to the turn of the (last) century, 1900, and prior for when we truly only spent a sum less than we brought in. That's the definition of true fiscal conservatism. That's the way each one of us runs our own affairs unless we want to go bankrupt in a real sense -- not Chapter 11.