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Politics : Formerly About Advanced Micro Devices
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To: chic_hearne who wrote (103595)4/11/2000 2:07:00 AM
From: Scumbria  Read Replies (3) of 1570286
 
Chic,

I'm hoping for Bush, maybe he can reduce my taxes.

The big 6 year run in the stock market began after two key events reversed the explosive growth of the national debt. The first was passage of Clinton's Deficit Reduction Act in September, 1993- which included a mix of tax hikes and budget cuts. The second was the large scale budget cuts by Congress in 1995.

Prior to Clinton's election, the US Government was headed for a collision course with bankruptcy, due to high inflation in the 70's and massive tax cutting combined with massive growth in government spending in the early 1980's. We can ill afford a repeat of the 1980's.

Scumbria
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