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Peter T. (view)

and we are to believe this posting that was just pasted by a Bush apologist from the Washington Post?

  Third, under the president's proposals, the deficit will shrink from 4.2 percent of gross domestic product in 2004 to 1.7 percent in 2008. The key to achieving this is more-rapid economic growth, which will bring in more tax revenue, together with restraint in the growth of government spending. Because the deficit is shrinking, the accumulated level of national debt is not expected to become problematic: In 2008 it will represent 40 percent of annual GDP, which is almost exactly the average since 1950."

This is Peter T. writing again, remember, IN FEBRUARY OF THIS YEAR, (hey, I kind of feel like Kent with the capital letters) the White House Office of Management and Budget estimated the FY 2004 deficit would be 307 Billion, now, 5 months later, they revise it to $475 Billion. The truth is (again, a Kent-ism) no one has a friggin handle on where the deficits, and our national debt, are going. Can we all agree on one thing: the notion of big spending liberals is bullshit.

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