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Politics : PRESIDENT GEORGE W. BUSH
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To: Kenneth E. Phillipps who wrote (28372)8/7/2000 4:15:58 PM
From: J.B.C.  Read Replies (1) of 769667
 
The government has only spent less than has taken in because of the recent tax bonanza from stock market gains and the growing economy(aka Business taxes), AND that it came AFTER the budget policy set prior to October 1st. Basically, they couldn't spend it because it wasn't there at budget time. Do you think they're going to let that sit around UNSPENT? You understand less about politicians than you profess, lucky you that your econ grade can go no lower.

Understand this: the money is only being used to reduce the amount the amount of borrowing that the government needs to do thus reducing the amount of near term borrowing. No actual reduction in the "National Debt" has occurred.

Jim
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