🚀 go-pugleaf

On Tue, 13 Mar 2001 20:19:17 -0800, Bill Shatzer
<bshatzer@OregonVOS.net> wrote:

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>On Tue, 13 Mar 2001, George Leroy Tyrebiter, Jr. wrote:
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>-snips-
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>> Bush in the campaign constantly said he would use the surplus equally
>> for new spending as for tax cuts - about a "quarter" of the surplus
>> for each. I am sure you remember that - taking out four dollar bills,
>> one for tax cuts, one for important new programs etc.
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>> Folks said Bush was lying - that in fact he planned to spend more than
>> three times as much for the tax cut.
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>> Bush has come out with his budget. It has 1.6 trillion for a tax cut
>> and about half a trillion for new spending.
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>Nope, he has -not- come out with an actual budget although he has
>indicated what it will look like in general terms and that includes a
>4% increase in new spending - which equals a bit over $200 billion per
>year.
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>Over the next ten years (which is the period the $1.6 or $1.8 trillion tax
>reduction is calculated), that amounts to $2 trillion - actually quite a
>bit more, given the "miracle of compounding".
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>Or, more or less equal to but a bit more than "spending" on the tax cut.
>Seems pretty much keeping his campaign promises in this regard.
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>Try again and try and pay attention next time - you lose on this 'un.

No. Bush talked about what he would do with the surplus - taking four
dollar bills out.

The baseline increase in spending is BEFORE the surplus is calculated,
of course.

You are confused about what these terms mean.


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>Peace and justice,
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