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


To: Jagfan who wrote (353271)2/4/2003 10:24:23 AM
From: Bob  Respond to of 769667
 
Not only that, but the proposed 2.8 trillion in money returned to taxpayers over 10 years, represents less than 10% tax credit. And that's under the assumption we ever see it. My guess is closer to 1%.

Regards,

BobP



To: Jagfan who wrote (353271)2/4/2003 10:26:26 AM
From: TigerPaw  Read Replies (1) | Respond to of 769667
 
Deficit Percentage of Total Federal Budget

So there is no problem because we are spending money even faster than we are borrowing it? Under that premise the government should spend more so that the percentage is even smaller (until the bill comes due next budget cycle). Apparently that is Junior's idea, since he didn't even figure in the hundreds of billions he plans to spend in the middle east. That is the lamest rationale for massive debts since the laffer curve. We are now breaking the record for borrowing and spending set by George Bush Sr.

TP



To: Jagfan who wrote (353271)2/4/2003 10:44:31 AM
From: Kenneth E. Phillipps  Respond to of 769667
 
Yes, Reagan had a deficit equal to 6% of GDP in 1983 but we had time to recover from those deficits in the 90s. We don't have the time to recover from these deficits because of the retirement of the baby boomers. I can tell you don't get it.