Leaving the community

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.

Mike
MU-2

"Cecil Chapman" wrote in message
m...
P.S. You're right, we should all thank Mr. Bush for turning a hard-earned
surplus budget (earned under Clinton's rule) into a 4.3 trillion dollar
DEFICIT.

--
--
=-----
Good Flights!

Cecil
PP-ASEL-IA
Student - CP-ASEL

Check out my personal flying adventures from my first flight to the
checkride AND the continuing adventures beyond!
Complete with pictures and text at: www.bayareapilot.com

"I fly because it releases my mind from the tyranny of petty things."
- Antoine de Saint-Exupery -

"We who fly, do so for the love of flying. We are alive in the air with
this miracle that lies in our hands and beneath our feet"
- Cecil Day Lewis -

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.

Now, hush, Mike.

Don't confuse Cecil with facts like these -- it'll get in the way of his
built-up, hard-earned dander...

;-)
--
Jay Honeck
Iowa City, IA
Pathfinder N56993
www.AlexisParkInn.com
"Your Aviation Destination"

"Mike Rapoport" wrote in message
ink.net...
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.

Not fair, Mike. That studious observation is waaay to complicated for us
little people to grasp.

--
Jim Fisher

"Mike Rapoport" wrote in message link.net...

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.

Which would explain why he pushed a taxcut package on calculations
based on those surpluses.

tb

Mike Rapoport wrote:

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.

But those coffers were swelled. That some were carrying losses is a separate
issue. Unless you think it was up to the government to make those losses go
away.


--
Frank....H

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.