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Politics : PRESIDENT GEORGE W. BUSH
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To: calgal who wrote (418269)6/24/2003 11:01:04 PM
From: Gordon A. Langston  Read Replies (2) of 769670
 
Westi

The California Federation of Teachers produced a test of member's budget acumen in their newsletter.

Question #3

What caused the $38.5 billion deficit?
a. the energy crisis
b. the stock market crash and loss of capital gains revenue
c. substantial tax cuts over the past decade.
d. b and c

I sent them an e-mail and asked if perhaps they had left out OVER-SPENDING as a possible answer.
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