You're bankrupt, I'm not. --- Profox <[EMAIL PROTECTED]> wrote:
> >That's just factually inaccurate. The economy was growing at a healthy > >rate BEFORE Clinton took > >office. Interest rates were low BEFORE Clinton took office. > > >Government deficits are much better than individual deficits. That money > >is now in the hands of > >working stiffs instead of Congressmen. And guess what, if you add up all > >the tax cuts, it's > >actually much larger than the deficit. How did that happen? Did the > >velocity of money actually > >CREATE WEALTH? You bet it did. > > Spouting stuff off the top of your head or out your ass don't > make it so. Bush Sr. was defeated because the economy was > in bad shape and he raised taxes because he had to, which > also didn't help his re-election. > > For your edification, the tax cuts have totalled $1.7 trillion > out to 2010. The national debt when Bush took office was > $5.6 trillion. It's now $8.3 trillion and growing at the rate > of $1.75 billion per day. That's an additional $1.661 trillion > just till Bush leaves office or another $1.243 trillion through > 2010. > > To help you with that math, here are the answers: > (1) $8.3 - $5.6 = $2.7 trillion deficit increase through today. > (2) $9.961 - $5.6 = $4.361 trillion deficit increase by the time > Bush leaves office. > (3) $11.204 - $5.6 = $5.604 trillion deficit increase by the end > of the tax cuts in 2010. > > Oh, and guess what, this doesn't include most of the debt > incurred for the war in Iraq because they've been doing it > "off budget" in supplementals. That's another $1 trillion. > It also doesn't include the two Social Security Trust Fund > obligations, which is astronomical in and of itself. > > We're bankrupt baby. > > Jim Eddins > > > > [excessive quoting removed by server] _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
