Who is the blame for the deficit and do you feel the republican party is trying to usher in A NEW WORLD ORDER?

Question: The federal government has run through its ability to borrow money and soon will run out of cash to pay its bills. How did the government get into this problem?

Answer: As recently as the final years of the Clinton administration, the federal government was running a sizable budget surplus, and the national debt was declining relative to the size of the U.S. economy. Then several things happened: Under President George W. Bush, Congress enacted two big tax cuts, in 2001 and 2003, which cut federal revenues. Under Bush, the country also adopted an expensive new prescription drug plan for senior citizens and pursued wars in Iraq and Afghanistan, all of which raised the government’s expenses. The combination led to increasing deficits and, as the government borrowed money to cover those deficits, a rapid increase in the national debt. Then came the recession, which cut tax revenues further and pushed up expenses even more for things like unemployment insurance and President Obama’s economic stimulus plan. Now, the debt has hit the statutory limit of $14.3 trillion. LA Times July 28

Schwarzenegger did exactly the same thing...made huge cuts--reducing tax revenues for the state, but did not stop SPENDING...the state of CA is really suffering...my revenue doesn't come from the government directly, but the company I work for has a government contract...this contract led to them adding 150 more employees,..so if the gov't defaults...will my landlord understand why i can't pay the rent?