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


To: Scumbria who wrote (142406)5/4/2001 1:23:29 AM
From: Neocon  Read Replies (1) | Respond to of 769670
 
Deficit spending was deliberately pursued in the post- War period, acting on a Keynesian model, and using that as a Trojan horse for increasing social spending when the public would not tolerate the requisite taxation.

In constant dollars, overall Federal spending increased about 22% during the Reagan Administration. I doubt that is a record. If the domestic cuts he desired had been made, the deficit would have been considerably less or non- existent. Blame the Democrats........