Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (183574)	2/24/2004 9:31:50 PM
From: Road Walker	Read Replies (1) \| Respond to of 1572888

Tim, re: My alternative is to leave things up to the free market whenever possible. Or to put it another way my alternative is that I don't have a goal of no oil imports for the US. The scary part is that you don't have a clue about the future. Even the Bush team understands that the status quo is not sustainable. The only debate is what to do about it. John (Hint, oil consumption is going up much faster than oil production. Five, ten years at the most and we start hitting the wall, when the prices go through the roof. If you get a chance, do some research.)

To: TimF who wrote (183574)	2/25/2004 10:37:13 AM
From: hmaly	Respond to of 1572888

Tim Re...Measured in terms of %of GDP I don't think this administration is the worst. During and right after our major wars, civil, and WWII, deficit spending as a percentage was far worse. Bush Sr., and Bill, in his early yrs, probably had the biggest percentages, for peace time. GW was fighting in two wars, and a recession, all of which add to the deficits, historically. During the civil war, the gov. didn't have much for revenues, so the gov. floated bonds. While they were small, by todays standards, my uneducated guess, as a percentage, they were larger than WWII deficits. Just a guess though. A bigger problem, is that deficits haven't been paid down, during times of peace, and non recession periods.

To: TimF who wrote (183574)	2/25/2004 11:36:02 AM
From: Alighieri	Read Replies (2) \| Respond to of 1572888

I agree that the administration has been irresponsible in its spending habits but it is at best misleading to say this administration is the worst ever in terms of deficit spending. The economy and government spending continue to go up and the value of the dollar continues to go down. Measured in terms of %of GDP I don't think this administration is the worst. Measured any way you want I think the deficits and the spending that causes them are too high, but too high is not the same as worst ever. It is the absolute worst, in terms of sustainability of the deficit, affordability in terms of timing of the impending SS and Medicare cost escalations, estimates by the administration relative to deficit recovery with which even the WH budget office does not agree, and zero (actually negative) effort in terms of spending curbs....and this is occurring during a period during which republicans control the WH, the senate and congress. Think about this realistically and quit posting this nonsensical response about deficit as a % of GDP. Al