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To: Alomex who wrote (155280)4/3/2003 9:44:13 PM
From: Victor Lazlo  Respond to of 164684
 
<<Clinton left a trillion dollar surplus, >>

that's baloney; it was all borrowed from the SS Trust Fumd to create the illusion of a surplus. And you beleived the hoax.



To: Alomex who wrote (155280)4/4/2003 12:20:22 AM
From: Oeconomicus  Respond to of 164684
 
Bush implemented a major tax cut, and once again in Buschman's words this becomes "drying out of tax revenues".

LOL. Yes, Big Al - a lack of spending discipline and revenues that couldn't keep up. And not because of tax cuts, as I'm sure you know, regardless of what you'd like to believe. The tax cuts hadn't even kicked in when the surplus evaporated.

The facts are simple - spending growth over the last several years has far outpaced either GDP growth or inflation, but when the bubble burst and the economy went into the crapper, the rosey revenue forecasts that were supposed to last forever in the new paradigm world and pay for whatever the pols could think up went the way of the bubble. Yes, a lack of spending discipline. And both parties share the blame, BTW.

So take your Rush Limbaugh, "righteous right," "Orwellian lies" BS and sell it at your neighborhood anti-Bush rally. They'll lap it up like a bad french whine.