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

To: Neocon who wrote (417091)	6/20/2003 2:49:47 PM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 769670

Well, money that the government MUST spend each year (interest payments on government-issued debt) is money that won't be returned to the taxpayers in lower taxes, or in services, or come their Social Security retirement, etc. The taxpayers have to fund those payments every year. Re: "Also, I want to point out that it was a bipartisan mess, and therefore there is no particular reason to charge it against Reagan anyway." Yep, it certainly WAS a bipartisan mess all around - plenty of politicians to blame - but Reagan DID sign that huge stinker of a bill, and it WAS the Republican leadership who (along with many campaign contribution-oriented Dems) stuck the taxpayers with bailing out EVERY fatcat's investments, no matter how much past the $100,000 federal insurance limit they were, no matter how large, no matter how risky. I'm generally of the opinion that investors (particularly multi-millionaire "qualified investors") should be responsible for their own investment decisions. When was the last time you suffered a loss, and your insurance company called you up and said: "It doesn't matter how much insurance coverage you had! We're going to pay off all of your loss, no matter how large, and pass all the expense straight-through to the taxpayers of this great country!"