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Politics : Don't Blame Me, I Voted For Kerry -- Ignore unavailable to you. Want to Upgrade?


To: ChinuSFO who wrote (38667)7/29/2004 1:14:49 PM
From: RichnorthRead Replies (2) | Respond to of 81568
 
Not so during the Clinton era. How is it that he could leave a surplus and at the end of 4 years after his exit we have that much of a deficit?

That "surplus" was a false surplus --- smoke-and-mirrors stuff! It was "created" by big-time downward manipulation of the price of gold and by by creative accounting. That "surplus" was a carrot to induce voters to return the party to power for a historic third term in US presidential elections, if I am not mistaken.

That is why I said in a couple of prior posts to you that reality might induce Kerry to adopt some old measures, not unlike putting old wine in new bottles...............

Don't forget that the national debt clock has been ticking on inexorably even long since before Reagonomics and Clintonomics (actually Rubinomics) were credited with creating a semblance of economic prosperity in the USA.

uwsa.com

Dr. Ravi Batra's book,

"The Crash of the Millennium: Surviving the Coming Inflationary Depression" (ISBN 0-609-60512-7)

that came out in early 2000 gives lots of insights.............................