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

To: Ish who wrote (143221)	5/7/2001 7:56:48 AM
From: Scumbria	Respond to of 769670

Ish, Here is the budget from 2000: Interest payments: $279,970 billion General science, space and technology: $18,853 billion Pretty sick that we spend 15 times as much on interest payments as we do on the stuff which makes our technological society works. Scumbria BTW: Interest payments have been declining since the budget was balanced- 1998-2001. Apparently the debt has been paid down some: (287,783) (281,806) (279,970) (276,450) w3.access.gpo.gov

To: Ish who wrote (143221)	5/7/2001 8:10:33 AM
From: Scumbria	Read Replies (2) \| Respond to of 769670

Ish, Clinton was paying down the debt. From his 2000 report to Congress: ECONOMIC REPORT OF THE PRESIDENT To the Congress of the United States: Today, the American economy is stronger than ever. We are on the brink of marking the longest economic expansion in our Nation’s history. More than 20 million new jobs have been created since Vice President Gore and I took office in January 1993. We now have the lowest unemployment rate in 30 years—even as core inflation has reached its lowest level since 1965. This expansion has been both deep and broad, reaching Americans of all races, ethnicities, and income levels. African American unemployment and poverty are at their lowest levels on record. Hispanic unemployment is like-wise the lowest on record, and poverty among Hispanics is at its lowest level since 1979. A long-running trend of rising income inequality has been halted in the last 7 years. From 1993 to 1998, families at the bottom of the income distribution have enjoyed the same strong income growth as workers at the top. In 1999 we had the largest dollar surplus in the Federal budget on record and the largest in proportion to our economy since 1951. We are on course to achieve more budget surpluses for many years to come. We have used this unique opportunity to make the right choices for the future: over the past 2 years, America has paid down $140 billion in debt held by the public. With my plan to continue to pay down the debt, we are now on track to eliminate the Nation’s publicly held debt by 2013. Our fiscal discipline has paid off in lower interest rates, higher private investment, and stronger productivity growth.