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

To: Bill who wrote (455607)	9/9/2003 5:36:50 PM
From: TigerPaw	Read Replies (1) \| Respond to of 769670

The deficit is driven by FEDERAL SPENDING. The deficit is the difference between revenues and spending. You seem to keep forgetting that as revenues drop the deficit explodes. Junior's plans lose revenue by direct giveaways to his friends and decimation of the economy. Spending is only one term in the equation. TP

To: Bill who wrote (455607)	9/9/2003 5:40:00 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 769670

Are you claiming that FEDERAL SPENDING meaning SPENDING , is 100% discretionary? This is SPENDING I am talking about. SPENDING is increasing and if it weren't for these SPENDING increases, we'd have a balanced budget then? However, tax receipts will increase regardless of how many jobs are shipped overseas. Got it? Yeah so in other words, with the massive exodus of jobs we are seeing now, and considering that personal taxes in the form of payroll and individual taxes finance over 70% of government spending, corporate taxes in absolute terms are going to at least triple to make up for the shortfall. Because McKinsey says so. Its obvious you can't debate me on this matter, you probably haven't thought about it or really looked into the numbers.

To: Bill who wrote (455607)	9/9/2003 6:21:34 PM
From: DuckTapeSunroof	Read Replies (3) \| Respond to of 769670

Deficit is soaring to a new all-time record next year. GAO predicts massive deficits out to the horizon. Spending is UP (it's increased at a 50% faster rate under Bush II than under Clinton.) Size of government is at an all-time high. Tax loopholes and 'special tax preference items' haven't been removed or 'reformed'... they have been increased. And, over-all tax revenue is down... and projected to remain far short of obligated government spending. I agree with you: this does not add up to sane economics. It adds up to Argentina.