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

To: Scumbria who wrote (131640)	2/6/2001 12:04:12 AM
From: Joe NYC	Read Replies (1) \| Respond to of 1570744

Scumbria, BTW: The deficit was already cut in half before the first Republican Congress budget took effect in 1996. I thought we went over this. -RTC stopped spending money to bail out savings banks, which was major part of the budget deficit "improvement" in the first part of 90s. -The second part was the peace dividend. -Third part was the Clinton and Bush Sr. (41) tax increase. -Fourth part was the the budget act under 41 that basically tied the hands of Congress as far their ability to increase spending was concerned. After 1994, another element that is instrumental to regaining some control over the budget process was elimination of the "entitlement" status from many program, mainly welfare. You may or may not know that the entitlements are the root cause of deficits. Anyway, the point of this long post is that things are not as simple as you try to make them. I know that you know that the facts are complicated, so I am not sure what the point of your propaganda style posts is. Joe