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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: RON BL who wrote (131155)3/10/2001 9:40:20 PM
From: Patricia Trinchero  Respond to of 769667
 
I know that both parties are guilty. They just use different avenues. The Republicans give it away differently. I would rather see someone who needed something get that something he or she needs then to give it to a bunch of defense contractors that will line their pockets.

Corporate welfare ends up surpassing regular welfare by billions of dollars.

Bush is instituting new programs which will require additional bureauocracy. Faith based and his eduction testing.



To: RON BL who wrote (131155)4/11/2001 1:11:21 AM
From: Scumbria  Respond to of 769667
 
RON,

Here are your debt figures:
federalreserve.gov
Look at the last column.
When Reagan took office in Jan '80, the debt was $3.6T
When he left in Jan '80 it was $9.5T.
A change of +$5.9T.
When Clinton took office in Jan '92 the debt was $11.3T
When he left office in Jan 2001 it was probably $18.3T.
A change of +$7T.


Your analysis is flawed for several reasons.

1. This is private debt, not public debt.

2. It is not adjusted for inflation.

3. Growth needs to be measured as a percent.

Under Reagan the private debt grew by almost 300%, or 30% per year. Under Clinton it grew by about 50% or 6% per year.

Scumbria