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McCain Lies His Way Thru Interview
Calif Bill wrote:
"wf3h" wrote in message ... On Sep 14, 2:56 pm, "Eisboch" wrote: Actually a lot of our problems are because Chairman Greenspan of the Fed screwed the pooch. Maybe 20 years ago, he was good but the last 10 or so of his reign was a disaster. Lets the Dot.bomb debacle get going, and then in the final year of Clinton's term to stop an economic complete meltdown from the dot.bomb disaster, freed up way too much easy money, with few controls giving us the subprime mortgage disaster. Did not matter who was POTUS with the Fed's money actions, we were going to be Boom and Bust. While at the same time, Congress, Dem and Repub controlled have overspent. Baseline budgeting with a built in 13% growth factor is criminal. If you cut a budget 8% the program still gets 5% more money. You budget like that in your life? Only thing that gave the Clinton years a semi balanced budget, was a huge influx of money from the taxes on options. The Fed's could not raise spending fast enough to use it all. Calif, raised spending as fast as it came in and set it so the spending was required at that level. I.D. Ten error. (ID 10 T) The next President we elect should be for cutting excess spending, and cutting size of government. And Obama is for making the the Government even more of a caretaker of the people. Socialism by definition. Actually, it isn't. But you wouldn't know that. |
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