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Old November 4th 04, 10:46 PM
Greg Butler
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To be fair, the only reason that there was a surplus is because the
country got caught up in a technology stock mania. The market was
generating trillions of short term gains and taxes on those gains is what
swelled federal and state coffers. Bush entered the white house with
millions of taxpayers carrying forward losses.



Exactly, thats why it was the first surplus in so long.