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

To: American Spirit who wrote (174481)	8/26/2001 4:46:59 PM
From: jlallen	Respond to of 769670

You are hopelessly ignorant... JLA

To: American Spirit who wrote (174481)	8/26/2001 5:46:58 PM
From: Peter O'Brien	Read Replies (2) \| Respond to of 769670

Reagan's deficits were not close to being a "record" when measured as a % of GDP. The all-time record deficits for the United States (as a % of GDP) were under Democrat F.D. Roosevelt. Clinton managed to close the gap temporarily by "soaking the rich" with higher taxes. This worked for a few years, but now all hell is breaking loose as a result. Clinton's tax increases raised annual federal tax revenue (as a % of GDP) to its all-time high in 2000 (tied with 1944 during World War II). Now look at what has happened!