kentuck
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Sat Dec-20-03 04:03 PM
Original message |
The Administration says they are concerned about the deficits ? |
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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
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Sat Dec-20-03 04:06 PM
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1. They also say they have a strong dollar policy. |
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...while the dollar keeps falling.
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indepat
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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 |
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unlimited cost overrun contracts to Halliburton, Bechtel, et al.
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DU
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Fri May 03rd 2024, 08:36 AM
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