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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: Peter Dierks who wrote (16440)	1/11/2007 10:22:35 PM
From: RMF	Read Replies (2) \| Respond to of 71588

I think you mean "how much is 3 TRILLION in 1900's dollars?" It's a WHOLE BUNCH...even in the dollars of 1900! It wasn't a "foreign attack", it was 19 guys from a foreign country. It was a terrorist attack and Bush has responded to it by creating MORE terrorists.

To: Peter Dierks who wrote (16440)	1/12/2007 11:40:34 AM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 71588

"How many Presidents have been saddled with a recession and then a foreign attack on US soil?" The OMB addressed both of those points. So did the CBO. So did Trend Macrolytics (the private sector econometrics firm the WH hired to run economic modeling on their tax and budget proposals --- that would ASSUME 'Laffer Curve' benefits). So did the next two econometrics firms they hired.... All came to remarkably similar conclusions --- ALL beneficial effects from lower taxes would begin to be SWAMPED by mid-decade (one year plus into that period now) by the interest on the rising tide of national debt produced by endless deficit spending. (And this just a FEW short years before the tidal wave of Baby Boomer retirements begins to impact Social Security and Medicare --- massively increasing federal deficits.) As far as the recession --- recessions are a NORMAL part of the business cycle. To be expected and handled in non-exceptional manner. And, the recession that began at the beginning of Bush's first term in office (& ENDED that very SAME YEAR of 2001!) was one of the MILDEST & SHORTEST on record. It's effects are long since passed. However, (& unfortunately) the endless tide of deficit spending is a very real concern and problem still --- and will be depressing our national economic growth rate for a LONG LONG TIME to come....