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

To: American Spirit who wrote (424807)	7/9/2003 3:58:15 PM
From: Orcastraiter	Read Replies (1) \| Respond to of 769670

No fiscal responsibility is right! The Bushies are writing new chapters in Voodoo Economics, and they're after Davis? The Bushies have increased spending, decreased revenues, increaced the deficiet, increased the debt, and at the same time have posponed paying for it all by granting tax cuts. The tax cuts are basically benefiting the wealthiest Americans, and penalizing the poor. It's gonna take decades to pull out of this mess, as everyone who must balance a family budget knows. If you don't pay your debts then you'll have hell to pay later. We're in for some dark days economically. These days are darker than the days under Carter. The only difference is that the fed has held down interest rates. Orca

To: American Spirit who wrote (424807)	7/9/2003 4:58:48 PM
From: DuckTapeSunroof	Read Replies (3) \| Respond to of 769670

It looks like whatever 'debate' there was over deficits was conducted and settled behind the curtains - the decision was made to massively devalue the dollar, to (a la Argentina) inflate our way out of the mountain of debt. The rise in hard commodity prices confirms it. Once suitable currency alternatives rise to permit alternate stores of value (a strengthened Euro, reflecting the enlarged EEU... the Chinese currency, once they follow through on their WTO pledge to break their peg to the dollar and allow a free float), then the dollar's descent will accelerate.