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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: the navigator who wrote (9589)	4/24/2006 6:10:38 PM
From: koan	Read Replies (1) of 78416

According to the congeressional Budget Office (CBO) a few years ago they said the huge domestic deficit was the result of the lost revenue of the tax cuts to the rich. 50% of the tax cuts were to 1/10 of 1 % of the richest people. They said this lost revenue far outweiged the costs of the Iraq and Afghanistan wars. Most respectable economists also think the tax cuts did little to stimulate the economy. Then you had the huge tax cuts to corporations and the pork piled on by a Republican controlled congress for 5 years with not one veto by bush and you can see where most of the huge debt came from. One last fact: Jimmy Carter was only running 50 billion a year deficits when he left office. Reagan immediately upon entering office increased that deficit to 250 billion a year and it continued for 8 years and then bush SR contineud it for another 4 years. Reagan increased that deficit to 250 billin a year by increasing 100 billion a year in defense spending (which is an apple pie way of getting money to companies like Haliburton, Flour, etc (Reagan's kitchen cabinet)) and cutting taxes on the rich and corporations by 100 billion a year. This was all done under Arthur Laffer's supply side economic policies (trickel down) which have been completely disproven. The deficits never went down and in just 12 years those two guys added 3 trillion to our deficit. Bush has added almost 3 already, so 6 trillion of the 8.5 trillion was added in just 17 years by the two bushes and Reagan. The dems had the only surplus and have been much more fiscally responsible. How they get blamed always amazes me. Talk abut sticking ones head in the sand!

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