The Senate ignored his veto threat and approved an inflated $109 billion spending bill.
So far, only a few brave voices are calling for major cutbacks in defense or inflated intelligence spending as the wars we cannot win continue to drain us like those knives that leave a thousand cuts.
First, the dot-com bubble burst, taking with it the inflated capital-spending plans of everybody who had been hoping to make a buck off of it.
That $2 trillion figure, however, is widely scorned by budget analysts, who say it is unrealistic because it reflects inflated assumptions on spending in Iraq and Afghanistan.
But the U.S. DOT does no one any favors by producing wildly inflated estimates of highway spending needs based on warmed-over forecasts that have been proven wrong over and over again and that fail to reflect real -- and likely lasting -- changes in how Americans get around.
But it may also be a sign that tax revenues have become more volatile, making it much harder for governments to judge the health of their finances.Instead of storing up surpluses in the fat years so as to cushion their finances in the lean ones, governments were sorely tempted to spend their inflated revenues, in the hope of buying some electoral popularity.
But this is little more than a political footnote to the bigger story that Obama supposedly was still out to strangle big business with draconian business killing regulations, reckless hyper-inflated government tax and spending, and the wild expansion of entitlement programs.
Despite obvious financial constraints, Bruce went through long periods of extravagant spending with an inflated sense of his own power and ability.
"It's an inflated market," said Casserly, who spent 23 years with the Redskins before being fired by Snyder in 1999.
She writes, too, of her dislike of staid Boston in the nineteen-fifties, when Lowell was teaching there: "Boston — wrinkled, spindly-legged, depleted of nearly all her spiritual and cutaneous oils, provincial, self-esteeming — has gone on spending and spending her inflated bills of pure reputation, decade after decade".
