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To: Elmer who wrote (128917)3/3/2001 12:41:28 AM
From: Scumbria  Respond to of 186894
 
Elmer,

You are being very dense.

First. Add $290 billion to your calculation for Bush, and subtract $290 billion from Clinton. The 1993 budget disaster was Bush's baby.

Second. Bush was President for 4 years, Clinton was President for 8 years.

Third. Subtract $200 billion additional from Clinton for this years surplus, (before little Bush squanders it retroactively.)

Scumbria



To: Elmer who wrote (128917)3/3/2001 12:58:21 AM
From: Scumbria  Read Replies (2) | Respond to of 186894
 
Elmer,

When a new coach takes over a losing sports team, usually the fans recognize that even the best coach in the world will require a few years to undo the damage that the previous coaches left behind.

Clinton turned around 30 straight years of deficit spending, in only four years.

Scumbria



To: Elmer who wrote (128917)3/3/2001 10:21:46 AM
From: f.simons  Respond to of 186894
 
Elmer-

Re: Ahhh pure liberalspeak. If you slow the rate of growth of the debt, you can claim credit for
cutting the debt, even though you've increased it.


But doesn't this have to happen in early years of true debt reduction? Like population reduction. Even after the birth rate falls below replacement level, population will increase for several years/decades until the full effect is seen. What is important is not so much the debt, but the balance between revenues and expenditures, it seems to me.
What is more bothersome than the debt increase are accounting gimmicks which play with social security or interest numbers. Without inclusion of both, debt will never be reduced. An operating budget of, say, one dollar less than expenditures, will never pay off the debt if interest on the debt is not fully counted as an expenditure. Or social security receipts.

Frank