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Politics : A US National Health Care System?

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To: Alighieri who wrote (15700)	3/29/2010 1:37:47 PM
From: RetiredNow	3 Recommendations Read Replies (1) of 42652

ou didn't mention that when bush took office, he inherited a 200B surplus and a CBO 10 year projection of $5B. When he left office, he had erased the $5B credit and added $5 more to the national debt, doubling it in just 8 years, and leaving behind fiscal and economic devastation with which Obama is having to deal. Very true. That is an excellent observation, Ali. From that perspective, the real damage Bush did was swing our projected budgets by $10 trillion, from $5 trillion surplus to $5 trillion deficits. How did he do that? Well, simple math tells you he must have done a combination of tax decreases and increased spending that resulted in an impact of $1 trillion per year over a 10 year period. So back of the envelope, Bush handed Obama a $1 trillion deficit run rate.

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