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

To: Kenneth E. Phillipps who wrote (497040)	11/22/2003 10:45:34 AM
From: PROLIFE	Read Replies (1) \| Respond to of 769670

During this war, the debt could have remained the same if we didn't get the Bush tax cuts. Kenny.....why do you bother trying to say stuff like that? You should know better. We were not in a war during clintons term...and you thought the economy was great....and yet....increases in the debt under clinton..EVERY YEAR. following your logic, shouldn't the debt have been reduced most of those years?

To: Kenneth E. Phillipps who wrote (497040)	11/22/2003 12:15:10 PM
From: Peter O'Brien	Read Replies (2) \| Respond to of 769670

During WW2, we also spent 90% of total budget on defense! Currently, even with the increased spending for Iraq, we are only spending a measly 20% of the total budget on defense. Shouldn't we be spending one hell of a lot more on defense now for your historical comparison to have any validity whatsoever? You are asking the "rich" to sacrifice for the war, yet the Federal government itself is not "sacrificing" much at all! How about first cutting out a lot of the non-defense spending? And, let's also take a closer look at how "effective" FDR's 90% top bracket really was... Federal tax revenues peaked at about 20% of GDP during WW2. Today, federal tax revenues are roughly 17% of GDP (only 3 percentage points less than at the PEAK of WW2) with a MUCH LOWER top marginal rate than during WW2!