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Politics : The Donkey's Inn -- Ignore unavailable to you. Want to Upgrade?


To: Kenneth E. Phillipps who wrote (1959)1/10/2002 4:11:31 PM
From: Karen Lawrence  Respond to of 15516
 
San Jose Mercury online...
Posted at 9:20 a.m. PST Thursday, Jan. 10, 2002

Bush signing military spending bill that includes another $20 billion for anti-terror
WASHINGTON (AP) -- President Bush was returning to the crash-scarred Pentagon Thursday to sign a spending bill that devotes billions of dollars to improving the nation's military and fighting the war against terrorism.

The defense bill Bush was signing sets aside $318 billion for Defense Department operations. It also contains another $20 billion for the military campaign in Afghanistan and recovery from the Sept. 11 terrorist attacks.

Congress approved the legislation last month, after weeks of butting heads with Bush over how to use federal resources to combat terrorism. The president is expected to seek billions more for domestic security in the 2003 budget he will submit to Congress next month.

White House spokesman Ari Fleischer said the bill being signed Thursday ``gives our military the money they need to fight the war now.'' The anti-terrorism package provided less for the Pentagon than Bush wanted, but more for domestic security and New York, Virginia and other communities where the terrorists struck.

It also includes funds for hiring more Customs Service inspectors, countering bioterrorism, hiring sky marshals and strengthening cockpit doors, bolstering security at the Capitol and reimbursing law enforcement agencies that responded to the Sept. 11 plane crashes.



To: Kenneth E. Phillipps who wrote (1959)1/10/2002 4:13:31 PM
From: Karen Lawrence  Respond to of 15516
 
Putting pressure on Greenspan to raise interest rates...gag, choke...can't we just recover first and possibly enjoy that for a moment before he puts an end to the market's struggle to return...



To: Kenneth E. Phillipps who wrote (1959)1/12/2002 4:16:19 PM
From: Mephisto  Respond to of 15516
 
There is a rumor that Greenspan might resign! Did you read Krugman's article, The Quiet Man.
See:http://www.siliconinvestor.com/readmsg.aspx?msgid=16887730
It is about Greenspan. Plus, I learned in yesterday's NYTimes, Ernon officials contacted Greenspan
about their problems!

I think you are right about an increase in interest rates. When there is debt, interest rates go up.



To: Kenneth E. Phillipps who wrote (1959)1/12/2002 4:21:06 PM
From: Mephisto  Read Replies (1) | Respond to of 15516
 
Debunking the Big-Spender Myth

"Republicans held office 12 years and Democrats 12. What does history tell us?

This: Year by year, Republican presidents on the average
spent almost 22% more than the government
brought in. Democratic presidents averaged annual deficits of 7%.

Said differently, Republican presidents swam in red ink three times as deep as Democratic presidents for most of a generation."


January 11, 2002
Los Angeles Times
E-mail story
By JOHN BALZAR

Let's look back a quarter-century at the prevailing
cliche of domestic politics: Democrats are the
irresponsible spenders in Washington; Republicans
are the conscientious spenders.

Leading up to the inauguration of George W. Bush
a year ago, we lived through the tenure of two
Democratic presidents and two Republican
presidents. Of the Democrats, Jimmy Carter served
one term and Bill Clinton two. Of the Republicans,
Ronald Reagan served two terms, the senior
George Bush one.

So, Republicans held office 12 years and
Democrats 12. What does history tell us? This:
Year by year, Republican presidents on the average
spent almost 22% more than the government
brought in. Democratic presidents averaged annual deficits of 7%.

Said differently, Republican presidents swam in red ink three times as deep as
Democratic presidents for most of a generation.

Or, we can look at the numbers president by president: Clinton's spending
averaged a deficit of 4.4%. Carter, 13.23%. Bush the senior, 21.75%.
Reagan, 21.87%.

Yes, yes, Congress passes the appropriations bills, and the Democrats have
dominated Congress until recently. But the president drafts the budget, sets the
agenda, chooses where to fight and where to compromise, wields the veto,
commands the bully pulpit and spends the money. The trend line is too long, the
numbers too decisive to be disregarded.


Recent history is even more instructive. Clinton , who managed to be at once
polarizing and bipartisan, began with a GOP-level 22% deficit. That went
down every year of his presidency. After five years, the budget went into
surplus for the first time since 1969, and stayed in the black. His final budget
carried a 12% surplus.

His successor, in office only a year and a strong ideological champion of limited
government, now acknowledges he will return America to deficit, the result of
tax cuts, recession, general spending and Sept. 11 costs.

I say we retire the cliche and find a new one. A quarter-century is long enough
to be fooling ourselves.

As we begin this election year, there are other commonplace cliches that no
longer guide us wisely in our political debate. Such as, Democrats give us big
government and Republicans rein it in.

Under Carter, federal spending amounted to about 21% of the country's gross
domestic product. That number inched up under Reagan and the elder Bush to
22%. It declined under Clinton to 20%. When Clinton left office, the federal
government accounted for a smaller part of the domestic economy than at any
time since the 1960s.

Between 1990, during the first Bush presidency, and 1999, the end of
Clinton's, the number of civilians employed by the federal government fell
almost 8%. If you exclude growth in the number of postal workers during that
period, the decrease in federal civilian employment was an even more dramatic
18%.

I thank the Census Bureau's Statistical Abstract, Chapter 10, and the U.S.
Treasury Department for these numbers.

Some might say that Reagan actually started the decline in the size and scope of
government by popularizing the idea. There's much truth here. It's also true that
a Democratic president brought it to realization, and not reluctantly either.

Thus, Reagan denounced the welfare system. Clinton signed the bill that
fundamentally altered it. Reagan called for smaller government, Clinton
delivered.

Yes, sharp differences exist today between the two parties on government and
spending. But the differences, it must be noted, are not so much about dollar
totals. A divided Congress has not bucked the president very hard on the
overall amount of spending, at least not yet.

Instead, the battle lines have formed: Who should receive what in the name of
economic stimulus? How much of this spending should we pay for now with
taxes and how much should we defer in the form of debt? It is a worthwhile
debate, an important one. Its implications affect millions of Americans in the
short run, and no doubt all of us over time. This fight goes directly to the
philosophy of fairness and the extent to which government should be an arbiter
of fairness. It raises the question of today versus tomorrow in terms of
governance. It also is a fight over business and consumer psychology: how
government can best encourage an economy that will provide for its citizens.

Almost none of this debate has do with worn-out campaign cliches--remnants
of the past--no matter how glibly they roll off the tongue.

latimes.com