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


To: CYBERKEN who wrote (429604)7/19/2003 2:56:05 PM
From: Steve Dietrich  Read Replies (1) | Respond to of 769667
 
<<The only way to carry a national debt is to outgrow it.>>

That's demonstrably false.

Under Reagan we had growth and expanding deficits, case closed.

But there's more: Seeing the catastrophic fiscal effects of his initial tax cuts Reagan raised taxes several times. Bush raised taxes. Clinton raised them again.

Only then did we have an economic expansion and declining deficits. You see you need growth and fiscal responsibility.

Bush has cut taxes several times, and though we've been out of a short and mild recession for almost two years, he continues to predict deficits for the foreseeable future.

The case couldn't be any more clear or any more contrary to the mythology you espouse.

Steve