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#1
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![]() "Bill Kearney" wrote in message t... Actually there is a lot to be said for his comments. The ball is soon in their court. They cannot just blame but now they have to act. They inherit a 4.4% unemployment rate, a record level stock market, low interest rates, low inflation, an overall great economy and no terrorist attacks on US soil since 9-11-01. You conveniently omit the staggering debt that's been accrued during the Republican looting of the treasury. Not for nothing, but this Nation has always been in debt, and always will be. Nevertheless, the overall growth of the National Debt has been spiraling upward since 1890. Since 1890 there was a short period between 1919 (WWI) and 1930 (on the heels of Black Friday) when the debt accrued during WWI was actually being paid down. 1931 returned to the upward spiraling which has been maintained ever since. In fact, the debt has increased every year since 1960. Between 1945 and 1960, the debt floated between 250 billion and 290 billion. The lowest the debt has ever been, in all US history, was 33,733.05 (less than 34 *thousand* dollars) in 1835. They quickly saw the error of their ways, and by 1839 had run-up a debt in excess of 10 million dollars. In short, this country has NEVER (for all intents and purposes) had a fiscally-responsible Federal government, regardless WHO is holding the purse strings. Source: http://www.publicdebt.treas.gov/opd/opd.htm |
#2
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posted to rec.boats,rec.boats.cruising
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![]() "KLC Lewis" wrote in message ... "Bill Kearney" wrote in message t... Actually there is a lot to be said for his comments. The ball is soon in their court. They cannot just blame but now they have to act. They inherit a 4.4% unemployment rate, a record level stock market, low interest rates, low inflation, an overall great economy and no terrorist attacks on US soil since 9-11-01. You conveniently omit the staggering debt that's been accrued during the Republican looting of the treasury. Not for nothing, but this Nation has always been in debt, and always will be. Nevertheless, the overall growth of the National Debt has been spiraling upward since 1890. Since 1890 there was a short period between 1919 (WWI) and 1930 (on the heels of Black Friday) when the debt accrued during WWI was actually being paid down. 1931 returned to the upward spiraling which has been maintained ever since. In fact, the debt has increased every year since 1960. Between 1945 and 1960, the debt floated between 250 billion and 290 billion. The lowest the debt has ever been, in all US history, was 33,733.05 (less than 34 *thousand* dollars) in 1835. They quickly saw the error of their ways, and by 1839 had run-up a debt in excess of 10 million dollars. In short, this country has NEVER (for all intents and purposes) had a fiscally-responsible Federal government, regardless WHO is holding the purse strings. Source: http://www.publicdebt.treas.gov/opd/opd.htm Funny, but that seemed to be stated more clearly when I was writing it than when I just read it. Oh well. click the link. Read the official government figures. A pox upon ALL their houses. |
#3
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On Fri, 10 Nov 2006 16:28:34 -0600, KLC Lewis wrote:
In short, this country has NEVER (for all intents and purposes) had a fiscally-responsible Federal government, regardless WHO is holding the purse strings. therefore... is this the appeal to common practice? |
#4
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posted to rec.boats,rec.boats.cruising
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![]() "mr.b" wrote in message news ![]() On Fri, 10 Nov 2006 16:28:34 -0600, KLC Lewis wrote: In short, this country has NEVER (for all intents and purposes) had a fiscally-responsible Federal government, regardless WHO is holding the purse strings. therefore... is this the appeal to common practice? Not at all. But Democrats, Republicans, Whigs, Bull Mooses, or what-have-you are all equally scoundrels who love to spend too much money, which they don't have and have no intention of collecting, and then point fingers at each other. |
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