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

To: Wayners who wrote (658071)	11/5/2004 3:58:39 PM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 769670

"90% today," NOTE: I did not suggest that as a solution for today (I'm for lower and fairer taxes, and no loopholes), I only used that to point out that deficit financing ALONE was not sufficient to finance WW II. "I think Eisenhower was able to pay down a lot of the debt through a rapidly growing economy and not using the increased revenue for pork barrel spending programs." Absolutely correct! (Also, following the great conflict of WW II our economy had a unique, and unlikely to be repeated advantage: the economies of ALL of our economic competitors were lying in RUINS.) Consider this today, though: Since George W. Bush came to the White House, the dollar has lost more than 20% of its value. It is widely expected to lose even more in Bush's next four years. Also, since Bush was elected the first time, tax revenues have fallen $100 billion, while federal spending has gone up $400 billion. Over the next 10 years, deficits are expected to rise to nearly $5 trillion.