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Pastimes : Let's Talk About Our Feelings!!!

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To: Zoltan! who wrote (73513)	2/1/2000 10:09:00 PM
From: nihil	Read Replies (2) of 108807

Deregulation started in the Carter Administration with the deregulation of airlines 1977 and trucking. Inflation was beaten by Volker's work as Chairman (nominated by Carter and himself a Democrat.) Reagan's chief contribution was obtaining a tax cut that led the explosion of the national debt and created enormous inflationary pressures that led to Bush and Clinton increasing taxes. The successful throttling fiscal inflation by Clinton and the Congress was the result of fiscal tightening resulting from increased taxes and spending restraints, especially of defense waste. We are now on the virge of enormous tax cuts to bribe the rich to support George W. Bush. "There may be trouble ahead. But while there's music, and moonlight, and love and romance -- let's face the music and dance!"

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