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lookout...correct me if I am wrong, but it appears that you are attempting to make this a conservative = good, liberal=bad discussion....but lets assume you're not.
The US has been deficit spending for most of the last 100 years, particularly in times of war and economic recession and each time, the economy has recovered and grown and become even stronger because the US economic engine is still the most powerful in the world....even in a global economy, the likes of which we have never seen in the past.
More importantly, fiscal discipline is not just a macro concept. It requires individuals to recognize their own spending limits. Our parents and grand-parents understood that, but more recently, IMO, far too many Americans have been slow or unwilling to recognize and accept that personal responsibility.
When one becomes so spoiled as a nation, the concept of personal sacrifice gets lost.
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