Follow this link to read Paul Krugman’s column describing the decade about to end on the 31st (this Friday or next year).

I knew that when the politicians kept calling for tax cuts to stimulate an economy that was already way over heated, we were in serious trouble.  It is surprising that it took this long for the consequences of such idiotic policies to become so readily apparent.

It is ironic that these calls for stimulating a run-away economy came from the party that claims that they knew more about how capitalism should be managed than the party who wanted to be prudent and balance the budget during good times.

You have to know from past history that when the economy booms again and it is time to pay down some of the debt accumulated during the recession the old Republican mantra will come into vogue again. It’s your money being collected in taxes and you know how to spend it better than the government. At that point, if the public had any intelligence, they would remember that we borrowed the money to stave off depression and the time has come to pay it back, not borrow more.  It is your money, but you committed it to the government to pay back what it borrowed to save your sorry a** during the near depression.  If you don’t realize that, then you truly do not know how to spend your money better than the government.