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

To: gao seng who wrote (264735)	6/17/2002 5:08:14 PM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 769670

Re: "Well Buddy, I do not agree that social spending needs to be cut, or taxes need to be raised. What needs to happen, to reduce the debt, is that government needs to start being accountable." >>> Gao, wake up and smell the deficits! US federal budget (under GAAP accounting principles): 1/2 Trillion dollars in deficit in 2001. 2002 will be much worse. >>> One either cuts spending, or raises income... or a combination of both... but you don't run deficits forever, borrowing from your children and grandchildren to enrich your present standard of living. ... That is the way of a coward, condemning future generations to destitution. >>> Perhaps you are too young to remember 'Stag-flation'... but believe me, you won't like it if it returns!