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idlisambar
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Mon Jul-12-04 05:00 PM Response to Original message |
| 4. He's basically right. |
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Go to Fritz Hollings' discussion on the Federal budget for some discussion and charts...
http://hollings.senate.gov/debt.html  The bottom line is that the the national debt has increased every year since 1969, including the late 90's A couple of caveats though... The deficit was indeed quite small by the late 90's. The 2000 budget almost achieved balance, so it wasn't all accounting gimmickry or fraud. The debt as a % of measured GDP did decrease during the 90's |
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