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To: Joe NYC who wrote (129180)	3/5/2001 2:43:14 PM
From: Scumbria	Respond to of 186894

Joe, The deficit dropped from $290 billion to $160 billion before the Reps took over. Misstating the facts again? The last Bush (41) budget deficit was $255. This is getting a little old. Your assertion is that the Republican Congress was responsible for balancing the budget. They were not in power in 1993 when the deficit dropped from $290 to $255 billion. The Democrats were in control. Clinton then took over the White House and the deficit dropped to $160 billion before the Reps first budget kicked in. Had Clinton not stopped the big tax cut in 1996, we would still be in the red. Scumbria

To: Joe NYC who wrote (129180)	3/5/2001 6:24:18 PM
From: Scumbria	Respond to of 186894

Joe, This is my last post on the subject. For the full thirty-two months of Freezes One and Two, Phases Two, Three and Four, the figures are appalling. In August of 1971, the Consumer Price Index was rising at a rate of roughly 3% per year. In 1973, the cost-of-living officially increased by 8% (and, ask any housewife, in fact perhaps half again as much). In the early months of 1974, the rate of inflation as measured by this index has nearly doubled to an unbelievable so-called double-digit 15%, a figure which seems more appropriate to a banana republic than to our own. As to wholesale prices, the record is even worse. From the end of 1970 to the end of 1971, the U.S. Wholesale Price Index rose from 110.4 (1967 = 100) to 113.9, or by less than 3%. Twelve months later, the Index stood at 119.1, and twenty-four months later, on January 1, 1974, at 125.5, a rise of over 20% in two years. In January and February of 1974, wholesale prices were advancing at an even more shocking rate. libertyhaven.com Scumbria