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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: TigerPaw who wrote (35155)9/6/2000 1:56:00 PM
From: FastC6  Read Replies (1) | Respond to of 769667
 
Clinton raised taxes...since when does a tax increase stimulate economic growth?

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To: TigerPaw who wrote (35155)9/6/2000 1:56:35 PM
From: Les H  Respond to of 769667
 
Clinton's been blamed for the same stuff. He's been proposing higher defense spending, and giving away mining/logging rights while letting the forests burn. The fact remains, most of the spending is non-defense and a good 20-25 percent of defense spending is carried over entitlement spending for pensions and health care for retired military. If inflation hadn't run rampant in the 70's, they wouldn't have had the burden of borrowing at 10-20 percent rates over a period of years. You also had Congress jacking up SS benefits 20 percent at a time during the 70s before they started tying it to the CPI which was running at over 10 percent when Carter left office.

I'm for lower defense spending and much lower spending overall in the federal government. That should be the way to go to run surpluses, not this tax and spend crap. Gore calls cutting the lower two tax brackets from 15 to 10 percent and 31 to 15 percent, a tax cut for the rich.