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


To: d[-_-]b who wrote (343048)1/14/2003 2:37:58 PM
From: Baldur Fjvlnisson  Read Replies (1) | Respond to of 769670
 
Massive deficits are forecast as far as the eye can see.

Tax cuts on top of that? Get real.

In two years; Bush's tax increases have been substantial, including off balance sheet debt and funky accounting - he has increased the public debt by 800 billion dollars, 154 of it since the new fiscal year started on 10/1/2002. This amounts to 10% of U.S. disposable income in one year and is nothing but a tax increase which markets are in the process of starting to discount.

The dollar is toast.