PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: Sully- who wrote (399066)	4/25/2003 1:43:57 PM
From: jackhach	Read Replies (1) of 769670

>> I only took 21 credits in economics.<< Not nearly enough for you. -JH BTW, I don't care who says what (beit Reagan, Bush(s) or Clinton) the facts are the facts -- and prior to REAGAN/BUSH we had a NATIONAL DEBT of $320 BILLION (not fuzzy math). WE now have a DEBT of $5 trillion -- yes with a "T". The only thing that saves the USA is that neraly every other country in the world has equal/more debt -- and so the dollar stays bouyant. The big money-center banks love this arrangement. But the interest on our National Debt cost us about $17 to $18 cents of every dollar the IRS collects. So we start our budgeting with $.82 cents on the dollar. Pretty disturbing!

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