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

To: Peter Dierks who wrote (25523)	2/1/2008 11:51:15 AM
From: TimF	Read Replies (1) \| Respond to of 71588

Not just that but the idea that the US government would face a hit on its credit rating because the current level of deficits is rather silly. They are higher than I'd like but they are pretty normal, actually below the average since 1970, and lower than many other wealthy countries (both as a percentage of GDP, nominal dollars is a fairly useless measure)

To: Peter Dierks who wrote (25523)	2/1/2008 11:53:03 AM
From: DuckTapeSunroof	Read Replies (2) \| Respond to of 71588

He 'tried' in a very brain-dead manner. He should have reformed the tax codes FIRST (as many of his advisers suggested) and put forward some of the excellent ideas for a simplified tax system that his own tax panel suggested. That way, when the tax over-haul was enacted... we would clearly know what the budget was like, and what would be available for reform/overhaul of social programs.... INSTEAD, he wimped out... when with minor (and, unfortunately: complicating) tax changes... after (instead of before) flopping with his politically tone deaf social program recommendations. Thus: nothing substantive accomplished, a great opportunity for serious and comprehensive tax system reform and simplification lost, opportunity for transfer program changes lost... and then he went on to make matters even worse with his dilatory spending. Brain-dead, and foolish. Extremely long-term Harmful.