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To: Scumbria who wrote (129024)3/4/2001 10:26:42 AM
From: pgerassi  Read Replies (1) of 186894
 
Dear Scumbria:

The Democrats controlled the House from the Eisenhower administration until Clinton's third year. During that period the Debt went up over $6 trillion. During Republican control it has gone down a few $100 billion. It went up during Truman's and FDRs era. Before that, it was much less than $100 billion up or down.

The real start of the debt problems started with SS passed by the Democrats with FDR. Ever since the pay as you go SS plan was a misrepresented to the people as an accrual plan, the debt has risen, first in fits and starts, got really kicked into high gear with WWII. It remains as the biggest debt problem to date. I do not even depend on it being there when I retire in 30 years or so. For anyone just starting out, almost all believe it will be gone when they retire in 60 years or so. That is what must be fixed and soon. Or there will be a revolt to just destroy it altogether.

Pete
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