Why is this not Surprising

Record 2009 deficit - White House
White House blames economic slowdown and stimulus payments to 130 million households as budget deficit headed to nearly half-trillion dollars.

The next president will inherit a record budget deficit of $482 billion, according to a new Bush administration estimate released Monday.

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Why is this not surprsing? Who would have thought....

Let's start with a deficit (Spending>Tax Revenue).

There's two real ways to fix this:
1)Reduce Spending
2)Raise Taxes

Pretty common sense right? Obviously not. What does the Government do?

1)Increase spending (Sending out all those rebate checks? Oh, praise them now for all that extra money. All they did was print those checks, not actually generate any funds to pay for it. Why do you think inflation is so high?)

2)Lower taxes. This is their backward attempt to fix the economy. Let's raise LESS money. It worked with Reagan in the 1980's with the Laffer Curve, but obviously if you hit that key tax rate that generates a lot of tax revenue... STOP LOWERING TAXES!

So kids, what have we learned today? If you're in debt, keep spending and quit your job! The government thinks it will work.