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

To: JakeStraw who wrote (476171)	10/15/2003 12:36:57 PM
From: Steve Dietrich	Read Replies (2) \| Respond to of 769670

<<The deficit tends to rise during recessions, and fall during expansions. It climbed with the recession of 1990-91, before declining again as the recovery took hold. So, just as Clinton was taking office, natural forces were already working to reduce the deficit.>> This is exactly why Reagan was so fiscally derelict. He ran ballooning deficits during an economic expansion, unprecedented really. By raising taxes, Bush and Clinton set the table for our balance sheet to improve with the economy. Bush is Reagan all over again. Because of his poor fiscal management we'll be running large deficits during the new expansion. That's bad management. Steve Dietrich