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

To: DizzyG who wrote (688433)	6/29/2005 3:59:15 PM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 769670

"automatic stabilizers"?????? Seem to have no systemic bias towards balanced budgets, now do they? "A balanced budget amendment would wreak havoc when the US economy is in a recession." I'd argue that mandated balanced budgets (except in times of declared war or temporary national crisis....) would provoke no more 'havoc' then the Fed's ability to manufacture fiat currency out of thin air, far in excess of GNP growth, has! And, you support of constant deficit spending would seem to put you firmly on the side of an ever bigger government. As Ronald Reagan always pointed out: it's the feeding of the government that promotes it's growth.