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

To: longnshort who wrote (755281)	11/29/2006 3:20:56 PM
From: pompsander	Read Replies (1) \| Respond to of 769670

Those darn facts...they keep getting in the way of a confirmed mindset. The reason the debt still went up in Clinton's term is that we were paying interest at an average of 7.8% on the long term debt (much left over from the Reagan/Bush I era). If deficits shrink but remain deficits, the debt does not get smaller unless debt is retired and replaced with less debt or chaper debt. This did not occur until the very end of Clinton's term where actually "paying down the debt" was reviewed.