Reply #8: The old guard will call for an adjustment [View All]

[Virgil]

The business community was going to have to call for more restraint in spending. Japan and China want the two deficits dealt with as they have bought all the dollars they can handle.

What I look for is the Pill Bill that was so expensive is going to get trimmed. They may even go into the last appropriations bill that was $820 billion. The Republican Party owns the fiscal responsibility issue and it threatens every office they hold if they lose that mantle.

It is the deficits that are hurting Bush as well as the unemployment. There is going to be an adjustment before the election. Something will be redone as the ticks are all gorged on public money and are going to drop off. There is going to be an adjustment and it is not going to be a shadow of an adjustment. They are going to get mean, because they cannot let the idea of fiscal responsibility leave the party.