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

To: DuckTapeSunroof who wrote (25899)	2/8/2008 7:59:19 PM
From: TimF	Read Replies (1) \| Respond to of 71588

Debt held by the public is all federal debt held by states, corporations, individuals, and foreign governments, but does not include intragovernmental debt obligations or debt held for Social Security. en.wikipedia.org

To: DuckTapeSunroof who wrote (25899)	2/8/2008 8:05:13 PM
From: TimF	Read Replies (1) \| Respond to of 71588

Recessions happen regularly, and Bush II had one as well. Financial scares and "crises" do as well, and now we have a new one. Those happen all the time. Wars don't happen under every president, terrorist attacks killing thousands have never happened in the US before, neither has a hurricane with a result as bad as Katrina. You talk about the normal things that many, perhaps most presidents have experienced under their watch. Bush has had those too. Re: "Harm to the economy is much more complex than higher deficits. Its still opinion. Assumes facts not in evidence." $200 Billion dollars this year (and one of the fastest rising line items in the entire federal budget!) is the REAL and MEASURED cost of interest payments on the (ever rising) national debt. Again your referring to the fiscal balance, not the health of the overall economy. Your might retort that the economy is slowing down, but the issue is not "is the economy wonderful right now", but is it better than it would have been without the tax cuts. Not 'opinion'. Measurable (& extremely unpleasant) reality. Nonsense.