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Politics : President Barack Obama
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To: tejek who wrote (24768)6/26/2008 4:38:28 PM
From: koan  Read Replies (1) of 149317
 
Gore Vidol said it would take a hundred years to repair the damage bush has done. He may be overstating it, but the damage has been horrendous.

My main worry is that the neo cons in the last 30 years and especiallly bush's last 8 years, have run up such a huge deficit I do not see how we can ever amortise it i.e. just pay it off.

If we go into a depression I cannot see how we can even pay the interest.

Clinton almost had us out of the woods. The very first thing lil bush did was reduce the taxes on the rich by a trillion dollars. The congressional budget office said that was the main reason for the huge deficits. Even more important than the war was the lost revenue from the tax cuts on the rich.

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