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Politics : A US National Health Care System?
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To: Alighieri who wrote (15832)3/31/2010 5:34:47 PM
From: TimF2 Recommendations  Read Replies (1) of 42652
 
There was a projection of $5B surplus for the coming decade. He wiped that out with two tax cuts, an 1/2T entitlement program and two wars

Even without those things you wouldn't have had a $5tril surplus.

You would only have had a $5tril surplus if we had unusually strong economic growth throughout the 10 year time period (rather than having two recessions in the period).

Even with such strong economic growth it would have required politicians to just sit on record surpluses. If Bush had lost to Gore you might not have had tax cuts, but if you didn't we almost certainly would have had new spending. (Which isn't a statement about Gore so much, as its a statement about any one with the remotest chance to have become president, none of them would sit on such huge surpluses without increasing spending, and/or tax cuts.)

While Bush didn't wipe out any $5 tril surplus (the guesses where simply wrong in hindsight even if policy had not changed), he did contribute a lot to increasing deficits and thus making the debt larger. But the main contributor to increasing the deficits was not tax cuts or wars, but rather increased social spending.

All of the above were implemented BEFORE dems took power in congress

The greatest spending and the largest deficits occured after the Dems took over.
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