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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Scumbria who wrote (123265)	8/29/2000 6:21:23 PM
From: pgerassi	Respond to of 1570560

Dear Scumbria: You forgot to include the previous sentences in the web site you cited: Five years later (1991), President Bush and Congress overhauled Gramm-Rudman-Hollings by enacting the Budget Enforcement Act. Rather than focus on annual deficit targets, this law was designed instead to limit spending. First, it set separate yearly limits on defense, international affairs, and domestic discretionary spending. Second, it created "pay-as-you-go" rules for entitlements and taxes. That meant those who proposed new spending on entitlements or lower taxes would have to offset the costs by cutting other entitlements or raising other taxes. That is why the deficit started to come down (the recession of early 92 was the reason it went up). You hand Clinton the results that Bush laid the foundation for. Using CBO figures, the years of 93 and 94 only saw a decrease of 74 billion while the Republican Congress reduced it by 227 billion. 3/4ths of the reductions occurred when the Republicans were in control of the Congress. George Bush reduced it by 41 billion in his last year even with a recession! Go check your figures from the CBO: cbo.gov Pete