Republicans cannot spend their way out of crisis at izbrano

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Republicans cannot spend their way out of crisis

Financial Times - Under George W. Bush federal spending rose from $1,789bn in 2000 to an estimated $2,955bn for 2008; from 18.4 per cent of gross domestic product to 20.8 per cent. In 1996 Bill Clinton announced that the era of big government was over. Perhaps Mr Bush has, on behalf of the modern Republican party, raised the white flag in surrender to bigger government.

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