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   alt.politics.economics      "Its the economy, stupid"      345,374 messages   

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   Message 344,916 of 345,374   
   X, formerly known as "!Jones" to All   
   Re: U.S. Debt on Pace to Top $56 Trillio   
   03 Jul 24 15:08:08   
   
   XPost: alt.fan.rush-limbaugh, talk.politics.guns   
   From: x@y.com   
      
   If this is a medical emergency, stop reading, log off, and dial 911!   
      
   >     Clinton raised taxes, balanced the   
   >budget and the economy boomed. In fact   
   >his budgets would have paid down the   
   >national debt if they had been allowed   
   >to continue. But Bush deliberataly   
   >killed the budget surplus because he   
   >thought it was PROBLEM. Tax cuts were   
   >more important.   
   >   
   >   
   >   
   >"You see, the growing surplus exists because taxes are   
   >too high and government is charging more than it needs."   
   >Bush Address to Congress, Feb 2001   
      
   Bush(43) is correct: a government surplus is *not* a positive thing.   
   What he said in your quoted statement of his is on target.  The   
   problem is that he replaced it with a deficit (again), and nobody has   
   changed it.  A government on a healthy economic footing should be   
   spending everything it receives in taxes and *only* what it receives   
   in taxes.  Out of the past half century, the US has had a deficit for   
   48 out of 50 years.   
      
   Right now, the entire planet is running on a complex network of   
   heavily kited, interlocking debt, and, at the end of the fiscal cycle,   
   the books *will* all balance.  The '29 market crash wasn't a US event;   
   it was a global crash... and it *will* happen again.  (BTW, that was   
   the end of a fiscal cycle and a balancing of the ledgers.)   
      
   Germany knew how to deal with it: they raised Hitler to absolute   
   power.  I suppose it seemed like a good idea at the time.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)   

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