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Politics : PRESIDENT GEORGE W. BUSH
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To: Neocon who wrote (141864)5/2/2001 5:45:49 PM
From: Scumbria  Read Replies (1) of 769670
 
Neo,

When Reagan took office, the debt was $800 billion, and Carter had proposed a balanced budget for 1981.

All of the debt accumulated after Reagan was a direct result of Reagan's S&L fiasco and/or interest payments on Reagan's debt.

Reagan is almost 100% responsible for the debt.

Scumbria
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