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

To: greenspirit who wrote (339995)	1/8/2003 2:06:56 AM
From: KLP	Read Replies (1) \| Respond to of 769667

BTW, glad to see you've been on a roll tonight! Am trying to catch up!

To: greenspirit who wrote (339995)	1/8/2003 2:12:16 AM
From: DuckTapeSunroof	Read Replies (2) \| Respond to of 769667

The benefits of Reaganomics were obvious to anyone who lived through the Carter stagflation years. >>> Very different things. >>> To summarize: >>> Inflation, stagflation, and deflation: all bad, and the more extreme they are, the worse they are. >>> Endless deficits ultimately produce debasement of the currency (inflation). >>> Huge national debts mean large interest payments on that debt... sucking resources away from the productive sectors of the economy. (We are STILL paying for the S&L bailout-giveaway... currently 1/2 Trillion dollars and counting, and all the extra debt run up by Reagan/Bush). >>> Too bad Reagan never could fulfill his campaign promises: to eliminate the deficit, and to reduce the size of government. >>> In the end, Republi-crats seem all the same from a fiscal point-of-view: they grow the government, spend ever more, and tend to favor the constituancies which 'brung 'em' with special tax loopholes and subsidy give-aways. >>> Dems tend to increase social spending, and grow military spending to a lesser extent. >>> Repubs tend to grow social spending to a lesser extent, and grow military spending. >>> In the end, they are both Big Government enablers, and poor fiscal managers.