re: Deficits are up. How is this conservatism?

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Neither side has the political will to gut entitlements and the military industrial complex has made itself relatively untouchable. In short, we're fricked.

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Yep, and if you are looking to place blame, start with the American voting public. Voters have no interest in supporting Congressmen willing to reduce the deficit. They control the purse, and it's a losing position at the polls.