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Politics : Bill Clinton Scandal - SANITY CHECK

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To: Daniel Schuh who wrote (31608)2/7/1999 10:02:00 PM
From: Les H   of 67261
 
Actually, the Kemp-Roth, if you're refering Tax Reform Act of 1986, was followed by smaller deficits. The deficit shrank each year till the recession hit in 1990, and then grew until the economy started expanding again. As with the 79/82 recession, there were several dips in the recession so the deficits grew. Congress usually enacts stimulus programs at the end of recessions which prolongs and enlarges the deficits.
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