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

To: Scumbria who wrote (131690)	2/6/2001 1:48:17 PM
From: d[-_-]b	Read Replies (1) \| Respond to of 1570562

Scumbria, re: "The National debt is $5.7 billion" Don't you mean trillion? What do you say the all the economists who say eliminating the debt is a bad idea, as the treasury market would disappear. They claim we need the debt, the question is really how much debt is good.

To: Scumbria who wrote (131690)	2/6/2001 2:02:54 PM
From: Joe NYC	Read Replies (1) \| Respond to of 1570562

Scumbria (can't get a single fact straight, The National debt is $5.7 billion, which is 700% of the 0.8 billion Reagan inherited. When Reagan took office the debt was at 940 billion and the current debt of $5.7 trillion is 606% of that (not 700%). Of the 506% increase here are the contributors (if you want to call it that - I would much rather count it as Tip O'Niel, Jim Wright, Foley): Reagan 189% Bush 156% Clinton 163% Maybe this page can improve your vision? home.europa.com The page doesn't even come up for me. So far, your batting average is 0. Joe

To: Scumbria who wrote (131690)	2/6/2001 3:07:11 PM
From: TimF	Read Replies (2) \| Respond to of 1570562

From your link home.europa.com No kidding. Medicare is doubling in cost every ten years. Yet when some Republicans tried to cut down the rate of increase - not actually cut the spending, mind you, just slow down the rate of increase - we heard cries of "Gridlock" from Clinton and the Democrats. The Republicans refused to authorize an increase in the national debt unless something was done to at least partially curb those huge entitlements. That shut down the government for a while. The Democrats' cry that the Republicans were obstructionists took hold. The fiscally conservative GOP members backed down. Bush's tax cut going ahead or being scaled back or being canceled is not the main issue. Gain control of spending and even with a tax cut it will be easy to handle the debt. The key is to at least control the rate of growth in spending. Tim