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

To: longnshort who wrote (753985)	11/9/2006 7:21:33 PM
From: pompsander	Read Replies (2) \| Respond to of 769670

You know, you are getting a heck of a deal right now....in the olden days we balanced the budget and paid for current expenditures with current dollars. Now we run deficits and run trillion dollars of debt owned by the Chinese and Japanese (whoopee..what a great plan!). You are getting to defer the cost of all those expenditures you are getting today...including national defense. The interest on the debt continues to grow....hugely...and you won't have to pay for it! The next generation will pay with higher taxes and nominal interest rates because WE in THIS generation won't pay as we go. The Chinese just love this! Pretty soon they will own our paper and declare those IOUs due and owing, politically, militarily and otherwise. Yet here we sit, claiming to be conservatives, and let it happen. Tax cuts are great...if they don't bankrupt you. So, yeah, you are already getting a good deal. Maybe your kids shouldn't have to pay inheritance tax cause they already gotta pay for the national debt. Hmmmm. Why not just create more debt with more tax cuts and no spending cuts?