Quote:
Originally posted by Greedy,Greedy,Greedy
But in terms of Congress spending more than it has (taking into account commitments on debt, too), I think you'll find the only anomoly to be the gilded age. Other than that, our elected officials have generally had considerable trouble restraining themselves.
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I'm quite willing to accept that proposition.
And I'll go one further: if substantial revenue in the late 1800 was derived from sales of land, mining rights, etc., then it's pretty tough to say the country was running a surplus. That's like saying that your net income spiked in the year you sold your house.
