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

To: Bill who wrote (343781)	1/16/2003 1:55:30 PM
From: Kenneth E. Phillipps	Read Replies (1) \| Respond to of 769670

From 1998 through 2001, the government ran a surplus. That is 4 years of surpluses. When is the last time that was done?

To: Bill who wrote (343781)	1/16/2003 2:41:15 PM
From: DuckTapeSunroof	Respond to of 769670

Not in percentage terms, he doesn't (as a percent of GNP... the only responsible way to look at federal deficits)! The WW II deficit was IMMENSE... and the reduction of it in the after war years ('til Korea :) holds the 'record' for U deficit reductions. Reagan busted the budget! He reduced taxes (good), but never cut spending (very bad). Result: "The deficit reached 6 percent of the economy in the mid-1980's under President Ronald Reagan and was more than 4.5 percent in the last two years of the administration of President Bush's father." >>> Reagan, Bush, Bush - deficit Kings. >>> Also, there is more than one deficit: The trade deficit is approaching $500 Billion this year... a pretty good indicator for why the dollar is falling (down 20% in past 12 months against the lowly Euro!)