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

To: Joe NYC who wrote (131644)	2/5/2001 11:58:44 PM
From: Scumbria	Read Replies (1) \| Respond to of 1570711

Joe, Very creative. Please include this peace of fiction whenever you mention the $5 trillion in reference to Reagan, because some people might be confused and think that your statements are based on facts. There is nothing creative about it. Your family spent about $12 today paying interest on Reagan's debt. Since Reagan left office, that is about $50,000 in interest payments from the average family. It is unbelievable that America is being seduced again by the same stupidity. Where is Ross Perot when we need him? Scumbria

To: Joe NYC who wrote (131644)	2/6/2001 7:58:13 AM
From: combjelly	Read Replies (1) \| Respond to of 1570711

"Did you calculate how much (if at all) would the budget be in deficit if we didn't have to pay the interest (at high rates) during Reagan years (to be consistent)?" Umm, the debt going into the Reagan administration was at $800 billion compared to $3.6 trillion (I think) when he left office. The debt had gotten to some $6 trillion by the time Bush the First left. I don't think interest rates on the $800 billion was so high as to be a large component of the the deficit run up in those years. Could be wrong though.