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"C J Campbell" wrote in
"Cecil Chapman" wrote in message 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. That is really funny coming from a Democrat. Here we have Democrats accusing Bush of behaving too much like a Democrat. ROFL. Just for historical accuracy I think the "behaving too much like a Democrat" thing is pretty outdated. After all, the only balanced budgets in the last thirty years has been with the Democrat Bill Clinton in office. (Source: Appendix F of the CBO publication The Budget and Economic Outlook: Fiscal Years 2005-2014.) No matter what you think of Clinton, neither of the Bush presidents, nor Ford, nor Reagan managed that. In fact, the deficit climbed significantly in the Reagan and first Bush terms. First time over one trillion. two trillion, and three trillion in those years. So, high time to adjust our view to reality. -Malcolm Teas I think a more balanced view might be the relative growth of the budget vs inflation during various administrations. The main reason Clinton got to run a surplus was a huge increase in income due to the internet bubble and the capital gains taxes it generated. While a surplus is a good thing, it must also be viewed against spending as I certainly don't want a budget surplus if it means they take all my money! |
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