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

To: CYBERKEN who wrote (358884)	2/13/2003 7:25:57 PM
From: Don Hurst	Read Replies (2) \| Respond to of 769670

More crap

To: CYBERKEN who wrote (358884)	2/14/2003 5:12:45 PM
From: DuckTapeSunroof	Respond to of 769670

Thanks again for the great link you provided that illustrated who the 'Kings of Fiscal Disaster' are: Your link shows that - mostly except for the WW II years when the American economy was really pressed (and immediately after WW II, or during one of the Korean War years), the largest federal deficits in modern times were run up by the Reagan administration, and the Bush I administration... and that a little of that Bush I deficit problem slopped over into the first Clinton years until they reached the "Rubin-esque" decision to both raise revenue and pay down debt. After WW II, (the WW II and Korean War years are not bolded), the biggest red ink administrations, the one's who couldn't balance their check books, were (in order of the largest unbalanced budgets): FDR - '43 TRUMAN - '45 FDR - '44 FDR - '42 REAGAN - '83 REAGAN - '85 REAGAN '86 REAGAN - '84 BUSH I - '92 TRUMAN - '48 BUSH I - '91 FORD - '76 REAGAN - '82 BUSH I - '90 CLINTON - '93 FORD - '75 REAGAN - '87 FDR - '40 BUSH II - '04 Thanks, quite useful. You will also note that the bulk of the Bush II impact upon the deficit is in the 'out years' (that's why they quit giving budget projections beyond 5 years) because the bulk of his tax breaks are 'back-loaded' and don't show up until the out years (like the estate tax). Since the Baby Boomers start retiring en-mass in about 2012, Alan Greenspan has pegged 2010 as the tipping point. He says if we are still running deficits beyond, say, 3% of GNP... then we are at the "Point of No Return". The Bulk of Bush II's addition to the endless mountain range of federal budget deficits is scheduled to be added in '06, and after. ... Good timing for a disaster. ... Certainly he will rise in your 'red ink' list, perhaps even higher than Reagan, the past master of fiscal disaster and 'red ink budgeting'.