PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: Kenneth E. Phillipps who wrote (657941)	11/5/2004 1:01:16 PM
From: DuckTapeSunroof	Read Replies (1) of 769670

I think your statistics may be a little off.... Don't forget that --- in Reagan's second term --- the way the government accounts for these things changed massively. They introduced the 'unified budget' (counting Social Security receipts as part of the general government revenue... but not counting the future obligations of the government at all in the budget). This 'smoke and mirrors' technique was mainly done to disguise the TRUE SIZE of the federal budget problems. You'll need to adjust for this change before you can directly compare the magnitude of the debts and deficits left by the Reagan era, to the recent Bush era.

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