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Politics : Formerly About Advanced Micro Devices

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To: Joe NYC who wrote (132078)	2/9/2001 1:57:21 AM
From: Scumbria	Read Replies (1) of 1570332

Joe, According to the CBO, the year that Clinton was elected the deficit was $290 billion. (You may note that is approximately $300 billion.) His last pre-Republican Congress budget was $164 billion. If you look at the graph, it is pretty obvious that the trend through Clinton's Presidency has been fairly linear, and that the trend was in place long before the Reps showed up to take credit for it. Now read this part of the article. The budget imbalance began when the Republicans took over the White House. Face it, Republicans can't do math. washingtonpost.com The last balanced budget was in 1969, the end of Lyndon Johnson's administration and the start of Richard M. Nixon's first year in the White House. Deficits grew dramatically in the 1970s and 1980s, peaking in 1992 at $290 billion – or 4.7 percent of the gross domestic product. (Excluding Social Security taxes, the amount was actally far higher.) Remember how Reagan raised Social Security taxes to mask his damage? Scumbria

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