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

To: DavesM who wrote (118483)	12/21/2000 2:17:12 AM
From: TimbaBear	Respond to of 769670

Exactly where did the current administration "pare" expenses? By the way, I believe The National debt was around $3 trillion in 1992 and is around $5 trillion now. In the context of my posts, the paring of expenses I'm referring to are the debt service expenses of interest and the costs associated with issuing and calling bonds and the future savings of all of those costs for any debt that either didn't need to be incurred in the first place or was paid off early. Your National debt figures are approximately correct. Since you brought it up, I went and did a little calculating and here are the results: 1980-1984 the debt grew at a rate of 15.45%/year; 1984-1988 it grew at 11.24%/year; 1988-1992 at 11.2%/year; 1992-1996 at 6.30%/year; and 1996-1999(latest figures available) at 2.64%/year. Even with paying down the debt and eliminating budget deficits, the debt still was growing....we are on the verge of finally making some real headway....but I think all that stops now and starts to go back the way it was.