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

To: DMaA who wrote (435510)	7/29/2003 4:59:00 PM
From: DuckTapeSunroof	Respond to of 769670

Yes, the total failure to either reduce government spending (discressionary spending is running 50% higher than Clinton's rate), or reform the loophole-ridden tax code means that some 1/3 of government's daily spending is with borrowed money. And, as you correctly point out, that is a 'tax' on the people... is just somewhat down the road. Otherwise known as a 'shell game'. When government's massive borrowing begins to crowd out business borrowing, one negative effect of uncontrolled spending will be seen.