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Every now and then – and with increasing frequency in all areas – I come across truly cogent articles elucidating in painful detail exactly why George Bush and his calamitous government has wrecked a great country. In this case, a financial analysis based on the thoughts of Robert Hormats, vice chairman of Goldman Sachs (International). A pertinent quote:
The truth is, America's leaders have already squandered "Hamilton's gift" (a policy of paying off war debt), and along with it, more than two centuries of experience, replacing it with a new "faith-based" policy: "Deficits don't matter."
No wonder Main Street Americans have a "gut instinct" that we're a disaster waiting to happen. Not only are we "transferring an inordinate burden to future generations," says Hormats, Washington's undisciplined spending and total lack of a financial repayment plan is undercutting our national security and exposing America to the worst-case scenario: Another domestic terrorist attack that would trigger a "massive disruption of our economy" and a meltdown of America's credit rating throughout the world.
No Longer The Only One 
I am afraid that you – and the Main Street American – are right.As far as I know, The US is one of the few economies that haven´t worked in order to consolidate it´s financial resources through this last booming of the world-economy. And since the state of the US finances has significant impact on the World as a whole – I fear a recession is right around the corner.I do hope we´re not right.
Bush just put it on our handy Visa Plutonium credit card.
There is an American conservative school of thought that believes the government should be small enough to "drag it into the bathroom and drown it in the bathtub." And that bankrupting the government is the way to make that happen.I don't think the Bush team has demonstrated the level of competence necessary to make and execute such a nefarious plan, but it can't help matters that there are factions within the Powers That Be who would gladly push things in that direction.