Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Patricia Trinchero who wrote (120663)	1/2/2001 2:03:43 PM
From: H-Man	Respond to of 769670

Ronald reagans budgets were pronounced "Dead on Arival" by the Democratically controlled congress. Congress does the spending in the United States of America. "Eight times the Democratic Congress put my budgets on the shelf and declared them dead on arrival and then responded with thousands of pages of what they said was kind of a continuing resolution instead of a budget." RWR

To: Patricia Trinchero who wrote (120663)	1/2/2001 2:06:03 PM
From: Neocon	Read Replies (2) \| Respond to of 769670

The Democrats in Congress quadrupled the national debt. All a matter of perspective. Anyway, what overspending are we talking about? The arms spending and R&D that buried the Soviet Empire and provided the peace dividend? Got more than our money's worth, I would say. The fact is that if the federal government kept books like a business, and put capital borrowing off to the side, we would not be running these kind of deficits. A good deal of the borrowing is for "plant", for example: federal office buildings, military bases, R&D facilities, depreciation, and so forth. That should not be in the current operating budget. But the larger point is a comparison of debt service, which is about 20% of the federal budget. Once one counts mortgage, cars, and revolving charges, debt service may account for much more than half of a family budget. After taxes, perhaps 75%. I cannot comment on your company. Statistics demonstrate that the median income increased in the Reagan-Bush years, and that most people fared better,as they moved into higher income categories. But I do not wish a statistics war. You either believe that capitalism is the main way to increase prosperity in the long run, or you don't.