Bill Clinton Scandal - SANITY CHECK Message Board

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Politics : Bill Clinton Scandal - SANITY CHECK

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To: Les H who wrote (42036)	4/11/1999 11:39:00 PM
From: Daniel Schuh	Read Replies (1) of 67261

No, it's not the "magic of compound interest". Being a bit disingenuous again? How unusual. It's more like they hypothesize that if whoever put Reagan's budget together (and it sure wasn't Ronbo, at least according to his first term treasury secretary) would come up with an addition 3% beyond the baseline established by the previous year's budget, whether Congress gave Reagan's controllers the cuts they wanted in the previous year or not. Do the numbers, Les. I dare ya. Anyway the "magic of supply side economics" was supposed to make it all moot. There wasn't supposed to be any need to cut the budget in the first place!

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