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

To: Neocon who wrote (138775)	4/16/2001 3:35:06 PM
From: Scumbria	Read Replies (1) \| Respond to of 769667

Neo, 13 percent was due to a rosier economic backdrop. Due largely to opening of markets because of the passage of NAFTA and GATT. The remaining 39 percent came from legislative changes, primarily from tax hikes in OBRA-93. 1993 Deficit Reduction Act Not too bad a report, given that it was written by Clinton's hard core political enemies. The deficit has declined markedly over the last 4 years, during a period of steady economic growth and the resolution of the thrift crisis. The FY 1996 deficit is expected to be $130 billion, versus FY 1993's $255 billion total. This raises the obvious question - what pushed the deficit lower? The Clinton administration will claim credit for the move, however, this is not really an accurate picture. Is the bold text appropriate language for the non-partisan Senate Budget Committee? Scumbria