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Originally Posted by host
I'm betting that Maria won't ask Bush, "Mr. President, given that, just before your took office in 2001, the total increase in US Treasury debt in the fiscal year ended Sept. 30, 2000, was just $18 billion....how are you able to make a sincere claim to the American people, that you have reigned in deficit spending, when the actual Treasury debt has increased over $500 billion, in less than the last 12 months?
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Because some of that debt increase was due to non-discretionary spending.
Because deficit spending is different from total debt. deficit spending is still deficit spending, surplus is needed to reduce the total debt.
Because total economy growth was greater on a percentage bases than the percentage growth of the total debt.
Because the tax cuts helped take us from negative economic growth to positive economic growth, and the long-term affects of those tax cuts are still stimulating the economy.
P.S. Welcome back Host.
