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Politics : American Presidential Politics and foreign affairs
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To: CYBERKEN who wrote (10312)7/25/2006 9:49:17 AM
From: Peter Dierks  Read Replies (1) of 71588
 
"Just as Republicans now say their policies have cut deficits, Democrats contend their policies produced budget surpluses from 1998 to 2001. Nonsense. Those surpluses resulted mainly from the end of the cold war (which lowered defense spending) and the economic boom (which created an unpredicted surge of taxes). In a $13 trillion economy, much of what happens has little to do with the White House's economic policies. The bipartisan reflex is to claim credit where little is due."

Even senile economists can write some things that expose the truth.
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