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Ground meeting tomorrow
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<blockquote data-quote="vantexan" data-source="post: 935865" data-attributes="member: 24302"><p>George Bush Sr. Deficits like we have now won't disappear without spending cuts. And our national debt is so large now that servicing the interest on the debt plus paying for entitlements is taking up most of the Federal budget. We have to borrow(the deficit) to pay for the rest. If the economy is growing at a snail's pace while the debt keeps piling up we'll have a crash. And no matter what we do Europe is likely to cause a crash because a number of their countries have lived so far beyond their means they make us look sound.</p></blockquote><p></p>
[QUOTE="vantexan, post: 935865, member: 24302"] George Bush Sr. Deficits like we have now won't disappear without spending cuts. And our national debt is so large now that servicing the interest on the debt plus paying for entitlements is taking up most of the Federal budget. We have to borrow(the deficit) to pay for the rest. If the economy is growing at a snail's pace while the debt keeps piling up we'll have a crash. And no matter what we do Europe is likely to cause a crash because a number of their countries have lived so far beyond their means they make us look sound. [/QUOTE]
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