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

To: Scumbria who wrote (128220)	11/11/2000 6:14:32 PM
From: hmaly	Read Replies (2) \| Respond to of 1570436

Scumbria Re..Nice try but sleezy. Either Al or GW were elected to 4 yrs. not 8 and most certainly not 7 yrs. In Ronald's first 4 yrs of office, he had smaller deficits than Bill; and Reagan had to deal with a depression. Cut the nonsense. What nonsense. We just got done electing Al or GW for one 4 yr term. In Bill's first four yr term he had four yr deficits totaling 730 billion dollars. Ronald had deficits of 600 billion dollars. Bill also had the advantage of no depression and no cold war with the Soviet Union. In addition Reagan had the largest tax cut in history, Bill had the largest tax increase in history. All of these circumstances favored Bill and yet Bill had the higher deficits. Lets face it, Ronald's budgets deficits had to be high to stop the depression, and high military budgets were the usual method. The high military budgets broke the Soviet union, and actually saved us money in the long run by allowing us to downsize the military. Bill deficits while high eventually because of tax increase and the fact that our high powered economy grew itself out of the deficit. Different methods for different people in different circumstances. But to declare one a great leader and the other incompetant is stretching the truth. http://www.cbo.gov/showdoc.cfm?index=1821&sequence=0&from=7#t1 OOPS I see while I was looking up combjelly's figures I went to the wrong column. The deficit was 710 billion at the end of 1980 and went to 2.051 trillion by 1988. Here we can see, the total of tax receipts not only is the highest in monetary terms but also as a percentage of GDP in 37 yr.s. The budget surplus came about because of high taxes and a good economy; not by eliminating wasteful spending. http://www.cbo.gov/showdoc.cfm?index=1821&sequence=0&from=7#t7