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Politics : PRESIDENT GEORGE W. BUSH
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To: TigerPaw who wrote (35105)9/6/2000 1:30:01 PM
From: Les H  Read Replies (2) of 769667
 
Most of the bills were run up as a result of the heavy entitlement spending and the high early 80's interest rates the Federal government had to pay to fight the Nixon/Ford/Carter/democrats inflation of the 70's. I remember when CD's were paying 21 percent. Difficult to run a surplus when you're issuing 30 year bonds against that backdrop.
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