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Politics : PRESIDENT GEORGE W. BUSH
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To: greenspirit who wrote (142724)5/4/2001 8:12:30 PM
From: Scumbria  Read Replies (2) of 769670
 
Michael,

We are running a $250 billion surplus now. There is no need to raise taxes.

If all $250 billion was used to pay down the debt, that would reduce interest payments for next year- allowing for accelerated debt reduction. The entire debt could be paid off in less than 10 years, if the President had the will to do so.

Scumbria
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