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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Little Joe who wrote (101103)	2/10/2009 3:53:03 PM
From: CalculatedRisk	12 Recommendations Read Replies (2) of 110194

Nah ... we made good progress in the '90s on both reducing the size of the Federal government (as a percent of GDP) and reducing the deficit. Federal Government Spending Q1 1993: 8.1% of GDP Q1 2001: 5.9% Q4 2008: 7.7% (we don't have q1 2009 yet) Bush increased the size of government and almost doubled the national debt. I opposed the Bush fiscal policies during the 2000 campaign. They have led to massive structural deficits that will now get worse as we deal with the severe recession. Bush policies are very much to blame.

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