Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Gordon A. Langston who wrote (154787)	6/21/2001 7:57:06 PM
From: Doughboy	Read Replies (1) \| Respond to of 769669

The facts about deficit reduction speak for themselves. )(I cribbed this from a message I sent a few months ago.) You can look it up, as I did at cbo.gov. The annual federal budget deficit was $41B the year Jimmy Carter left office (and was declining). When George Bush left office in 1992, it was $290B (and climbing). Along with that was the S&L bailout, which had a total cost of $325B, totally off-budget, and had a high water mark of $140B in the last year of Bush's presidency. Half the S&L bailout went to investors and depositors in TEXAS, which amounted the largest transfer of wealth from one region of the country to another in the last century. Here's the historical data. Who has a history of busting deficits and who has the history of running an irresponsible government? Face it the data show that it is Democrats who are fiscally conservative. 1979 -41 Last Year of Carter Presidency 1980 -74 Reagan Takes Office 1981 -79 *Record Federal Deficit 1982 -128 Record Federal Deficit 1983 -208 Record Federal Deficit 1984 -185 1985 -212 Record Federal Deficit 1986 -221 Record Federal Deficit 1987 -150 1988 -155 Reagan Leaves Office 1989 -152 Bush Takes Office 1990 -221 1991 -269 Record Federal Deficit 1992 -290 Bush Leaves Office All-Time High Fed Deficit 1993 -255 Clinton Takes Office 1994 -203 1995 -164 1996 -108 1997 -22 1998 69 Record Federal Surplus 1999 124 Clinton Leaves Office **Record Federal Surplus 2000 ??? Bush Takes Office