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To: Bernard Levy who wrote (5113)10/26/2000 12:20:56 AM
From: TigerPaw  Respond to of 5853
 
*this is exactly* how the deficit problem was solved.
Actually, what Reagan said was that the world would not last past the millenium and so we did not need to worry about the deficits. I guess he was just talking about his personal world.

TP



To: Bernard Levy who wrote (5113)10/26/2000 4:03:00 AM
From: Analog Kid  Read Replies (2) | Respond to of 5853
 
Actually it was the sound economic policies promoted by people like Robert Rubin that solved the deficit problem. Remarkable how the debt went from 1 to 5 trillion under Reagan-Bush, and then magically deficits began going down under Clinton. It was the reduction in government borrowing that brought down interest rates and produced the longest economic expansion in our history.


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