Hi again, DF
Despite my qualms, there is some justification for Bush's spending. As j a pate points out, this is wartime and the first responsibility of any government is victory. There is a big bill coming due for Iraq's reconstruction, but failing to complete it would amount to failing to consolidate the partial victory.
Reagan tried the same thing during a period of economic "malaise," which really resulted from 3 previous administrations' failure to address the hangover from the '60's. It was called "starving the beast," whereby he insisted on tax cuts and dared the opposition to keep spending. Eventually, spending tailed off and the economy grew out of the deficit. Bush is much more attuned to Reagan than to his father, both in economics and in ideology. We have a new "Evil Empire" to resist and eventually demolish.
BTW, the design and operation of your blog is outstanding. I took a look at the "view source" option to see how it is done, but I cannot reproduce the effects on Blogger. The only suggestion I could possibly make is to employ a JavaScript to hide your e-mail from the spammers' bots. That is, unless you wish to receive e-mail regarding the molestation of various animals, offers to increase the size of your penis or your breasts (to do both at once would, I think, add a certain amount of variety to your social life).
Keep up the good work, mec.