PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: TideGlider who wrote (517518)	12/30/2003 7:23:44 PM
From: bentway	Read Replies (1) of 769670

As I recall, a lot of Repugnicans were also claiming credit for eliminating the DEFICIT with Clinton. They never claimed to have eliminated the national DEBT, only the current account deficit, which, if continued, would have allowed us to begin paying down the national debt. Sadly, Bush didn't heed Clinton's advice. It was the fiscal disipline of Rubin/Clinton that led to the boom of the '90's, needing no tax cut stimulus. Bush believed in the Reagan voodoo, only without spending disipline, instead of the Rubin/Clinton magic. Bush has managed to produce incredible deficits in a short time while producing very little stimulus, because he gave the money to rich people who are sensibly hunkering down with it or moving it offshore into gold and euros and foreign securities.

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