Will greater deficits lead to less debt?

Victor Joecks

Well, we know Joe Biden thinks the best way to get out of debt is to spend more, but most people understand this simple principle: When you’re in a hole, stop digging!

When you are in a financial hole - stop digging!
And with unemployment projected to rise to at least 10 percent later this year (and it’s already at 12 percent in Nevada), Obama’s excessive debt can’t be justified as stimulus spending, either.

Note: This is not an attempt to justify Bush’s undisciplined spending. Excessive spending is a bad thing no matter which party is in power.