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The Administration says they are concerned about the deficits ?

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kentuck Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-20-03 04:03 PM
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The Administration says they are concerned about the deficits ?
Edited on Sat Dec-20-03 04:14 PM by kentuck
Most people know that it takes a while for the deficits to drag down the economy. It takes some time for interest rates to start going up and for companies to start laying off employees because they do not want to invest with high interest rates. In effect, the government is borrowing money that the private sector could be borrowing.

This year's deficit is just under $400 billion, according to Administration numbers. Does anyone expect it to be less next year? Are they pulling your leg? Yes, of course they are. We can expect deficits to grow as long as George W Bush is the pResident. He is going to leave one helluva mess.

(edited amount)
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SadEagle Donating Member (664 posts) Send PM | Profile | Ignore Sat Dec-20-03 04:06 PM
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1. They also say they have a strong dollar policy.
...while the dollar keeps falling.
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indepat Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-20-03 04:17 PM
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2. Then, by all means, roll back the tax cuts and quit giving noncompetitive
unlimited cost overrun contracts to Halliburton, Bechtel, et al.
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