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To: TimF who wrote (69844)	1/11/2009 10:49:08 PM
From: koan	Read Replies (2) of 71178

They had a special on the deficit on CNN today, put together by Pete Peterson, Reagans commerce secretary and called IOU.S.A It showed clearly that the deficit really started to rise when Reagan was elected and they blamed Reagan, supplyside economics and George Bush's economic policies. Alice Rivlin was there, Bill Bradley, Pete Peterson and one other guy. Go to CNN and look it up. It was very good. They pointed out that when we borrow and spend, which is what the Republicans have been doing for 30 years, we leave the debt to our children. Why didn't bush tax us for the war? First president to ever do that. And he borrowed form the chinese and ME countries. That wasn't smart as it compromised ournational security.! Believe what you will, but the deficit started rising with Reagan and the only surpluses were during clintons presidency. Bush doubled the deficit in just the last 8 years, 5 to 10 trillion; and the Republicans who had most of the power the last 30 years were on watch when most of this deficit happened. No dems with any power in sight!

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