On 07 Nov 2004 17:05:29 GMT, (Gould 0738) wrote:

Yeah, you'll notice, of course, that the national debt always declined
during Democrat administrations. Or am I reading it wrongly?

John H

Bush the Second absolutley outperformed
Bill Clinton in the national debt category.
Bush the Second was able to increase the debt as much in *four* years as it
increased in *eight* under Clinton.

Had we continued to run the surplus that prevailed when Clinton left office,
the debt would have decreased. Instead we decided that wise fiscal policy
involved reducing the government income via tax breaks to billionaires while
increasing government outgo by rubber stamping every spending bill passed by
the Republican controlled house and senate.

By the way, did you know the US government has been writing bad checks since
October 14? That's the day we exceeded our debt ceiling, but the
administration wanted to keep that fact hidden from the public until after the
election:

***********

The Republican-controlled Congress put off dealing with the debt ceiling before
adjourning last month, preferring not to force members to vote on the
politically sensitive issue of adding to the national debt before the
elections. The government hit the current debt ceiling of $7.384 trillion Oct.
14, forcing Treasury to begin a series of bookkeeping maneuvers to keep
financing the government's operations.

*********

Excerpted from:

http://www.boston.com/business/artic...ation_pressure
s_congress_to_raise_debt_ceiling/

Geometric progressions are a bitch. We'll be seeing the same thing
with regard to border crossings unless something big is done.

John H

On the 'PocoLoco' out of Deale, MD,
on the beautiful Chesapeake Bay!