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

To: Lazarus_Long who wrote (352032)	2/1/2003 8:17:44 PM
From: American Spirit	Read Replies (2) \| Respond to of 769670

California is the biggest state, about 1/10 of the US so divide by ten and you get the picture. Seriously though and from a non-partisan view, what is this country going to do with all this terrible looming debt? Dc and almost every state. The whole thing looks like we're teetering toward insolvency. And you know what that may mean? RAISING taxes. I hate the idea too but you can't stay in business losing money every year, a company or a government. I don't have many stocks yet but I may dump it all now. Even Halliburton which will benefit "big-time" from an Iraq War.

To: Lazarus_Long who wrote (352032)	2/3/2003 2:51:02 PM
From: Steve Dietrich	Read Replies (1) \| Respond to of 769670

<<OH! You want to do fallacious arguments? Like comparing a single state budget to the national budget? OK. 50 X $35B = $1.75T>> California (the biggest state economy in the nation, New York is number 2) accounts for 13.5% of our national gdp, so i don't think that's a very fair calculation. You probably ought to multiply by 7.5, which would give you around 250 billion. As i was looking up California's gsp, i noticed that the blue states are big economic producers compared to the red states. In fact using 2000 numbers from bea.gov the blue states produce 54.5% of our gdp compared to the red states which account for 41%. (I considered Florida a tie). Steve