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Politics : Just the Facts, Ma'am: A Compendium of Liberal Fiction

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To: American Spirit who wrote (464)10/31/2003 3:28:53 PM
From: Lazarus_Long   of 90947
 
Message 19454038

The growth rate numbers include war costs and debt spending.
OK.
Between 1989 and 2001, credit card debt in the America almost tripled, from $238 billion to $692 billion
demos-usa.org
Let me remind you that George Bush did not assume office until January 2001.

As this
levy.org
shows, credit debt is not alone: total personal; debt has been increasing steadly for a decade and a half.

So increaqsing personal debt did not start with GWB.

Funny. I don't remember you complainong about it when Clinton was President.

War costs? OF COURSE war armaments production goes into GDP; it always has. How do you think FDR ended the depression? By Fireside Chats?

As to federal debt levels, OMD has gone over this with you. Repeatedly. I've brought it up too. Just recently.

Do you immediately forget everything that doesn't fit your preconcieved notions about reality?
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