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To: Craig M. Newmark who wrote (128718)3/1/2001 11:58:06 PM
From: Scumbria  Read Replies (2) | Respond to of 186894
 
Craig,

You are not including the 1993 deficit in your calculation, which was Bush's last budget. Chalk up an extra $290 billion for Reagan/Bush. Your $220 billion interest number is much too low. All of the debt accumulated under Clinton is directly attributable to interest payments on Reagan/Bush debt. i.e. Clinton would have run a net surplus if he wasn't straddled with $4.5 trillion in debt at the time his first budget took effect.

How can people of intelligence and good conscience not be critical of the tremendous fiscal mismanagement by Ronald Reagan?

Scumbria



To: Craig M. Newmark who wrote (128718)3/2/2001 12:06:14 AM
From: Scumbria  Respond to of 186894
 
Craig,

What do these three men have in common?

It is noted, however, the greatest growth in the national debt occurred under Reagan (Rep.) (23.6% per year) followed by Ford (Rep.) (14.1% per year) and Bush (Rep.) (13.5% per year).

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Scumbria