"Remember when Democrats lamented the growing budget deficit and spoke of the burden our children and grandchildren would face if we didn't put our fiscal house in order? That was when Republicans ran the federal government and Democrats opposed tax cuts.
Now that Democrats are about to be in charge, concern about the deficit has disappeared and spending plans proliferate, even though the national debt passed $10 trillion in September and we added another $500 billion last month."
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Read more of the article [by clicking on lick-able link above] to find out background on WHY the auto industry is in such bad shape. Very, very interesting reading.
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