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Politics : Politics for Pros- moderated

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To: Mary Cluney who wrote (75740)	10/8/2004 12:13:49 PM
From: aladin	Read Replies (1) of 793895

Mary, Great work at taking facts out of context. Clinton/Rubin managed to turn a budget deficit into the biggest budget surplus in history Of course this had nothing to do with the: o biggest stock market bubble in history o biggest decline in military spending since WW2 The bubble generated tons of previously unanticipated tax revenue and its demise, not increased military spending, accounts for the majority of the difference. As for the 5.4% having no real meaning - I guess to people who want this to be 1930 all over again it doesn't. We should go back to the good old days of 1978 maybe? John

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