Why Bush is popular: Talk speaks louder than action This looks to me like a replay of the Reagan years, when the policy was "Borrow and spend, borrow and spend -- and blame it on the Democrats."
Under Bill Clinton, we were making pretty good progress at paying off Reagan's extravagances, but now, under the popular George W. Bush, we're starting to go into the hole again.
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Hoping I'm not the only one who notices the similarity to the Reagan calamity.