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

To: Srexley who wrote (570311)	4/29/2004 8:06:51 PM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 769670

Re: "As a % of GDP I don't think it is even at a historical high. Our country can afford to carry some debt." >>> You are correct... just as long as you don't count the Trillions in unfunded liabilities (which probably should not be counted in the 'current deficit'... but they are real none-the-less), and you don't count the dishonest diversions from the SS, Medicare, and Highway trust fund accounts into the general revenue fund --- which DISGUISE the true size of the current deficit. >>> (When the outgoing Bush Treasury Secretary actually had the guts to post the budget deficit according to GAAP rules --- which COUNT these diversions --- on the Treasury's Web site, he showed that even in year 2001 the true size of the current deficit was well over $1 Trillion dollars.) "Thirdly, I think that TERRORISTS attacking our country on 9-11-01 has more to do with our debt than Bush's policies in general." >>> This spring's GAO study disagrees with you. And I would rather be alive, and have my children be alive than to have America debt free. >>> That's a 'Hobson's choice', a false choice. Those two extreme options are not the only options available... nor are they even very likely ones. "Besides, your 13% flat tax (the one that lowers the income tax on the wealthiest by 20+%) like the Russians have should solve everything, right? LOL" >>> I never proposed a particular rate for the loophole-free flat tax system I support, but, yes, Russia's is at 13%... I believe Croatia is at 19%, etc. >>> And, YES, eliminating all the corrupting loopholes that divert business from rational economic choices in the market place, and lowering tax rates by the amount saved via loophole elimination (or even more), and mandating a pay-as-you-go national government would damn near "solve everything!" >>> At the very least, it would assure our perch atop the World as the strongest nation --- both in personal liberties, and in economic growth and quality of life. >>> They all go hand-in-hand in the long-run, don't 'cha know!