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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

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To: KyrosL who wrote (46449)	2/15/2009 10:43:12 PM
From: Sunny Jim	Read Replies (2) of 218604

<<Let us not forget that just 8 years ago, the US was on the verge or a balanced budget, including Social Security obligations, and the projection was that within the decade all of US public debt would have been extinguished. Bush's tax cuts and wars changed that of course.>> Sounds too good to be true - and it is. It's hard to believe that the tax cuts and the war are the reason that we now face $65 trillion in liabilities when we could be out of debt totally if Bush had not been elected. What BS! How does a $trillion worth of tax cuts and a war that cost another $trillion put us so far in debt? I'll tell you how - your statement is not the least bit accurate. I certainly wouldn't defend Bush's handling of the budget, but for all the mistakes of the past couple years (and by the way, the Democrats were in control of the Congress), the new Administration and the Congress's fiscal actions going forward are going to make Bush's budget look like wise stewardship.

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