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Politics : PRESIDENT GEORGE W. BUSH
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To: Neocon who wrote (410324)5/30/2003 8:39:36 AM
From: Kenneth E. Phillipps  Read Replies (2) of 769670
 
<<unlikely that we will get out of control in dealing with the debt.>> You are whistling past the graveyard. When debt increases faster than GDP, interest rates go up and that causes a drag on economic growth. During the Bush Administration, debt is growing faster than the economy and the rate of real growth in debt is accelerating.
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