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Politics : PRESIDENT GEORGE W. BUSH
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To: Neocon who wrote (427297)7/15/2003 1:33:15 PM
From: Kenneth E. Phillipps  Read Replies (1) of 769670
 
Those huge budget deficits under Reagan were a major contributing cause of a severe recession under Bush 1. We only reduced those deficits with some major tax increases - a big tax increase in Social Security taxes and another income tax increase under Bush 1. Then, we had a severe recession.
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