From: "Robert G Lewis" 

That's why I said part of the problem.

New Jersey was postponing spending and borrowing money during the boom
economy ,  made the effect of the bust economy worse.

And we are doing the same on a national scale. Pay the debt off THEN cut
taxes. We can cut a LOT more over the long term without the debt load.

 If you want to eliminate portions of the government then do so but be
honest about it. Convince the people the government has no business doing
certain functions. Bankrupting the government to achieve the same end is
dishonest at best, IMHO treason at worse.

Bob Lewis


"Robert Comer"  wrote in message
news:3ed4c0db$1{at}w3.nls.net...
> The economic/stock market downturn has hurt the states far more than
> anything this or the last president did...
>
> - Bob Comer
>
>
r.g.lewis{at}verizon.net> wrote in message
> news:3ed4bc7f$1{at}w3.nls.net...
> > Some of the items are definitely overstated, if not wrong which is a
shame
> > because the ones that are correct are damming enough.
> >
> >  I don't think that states can declare bankruptcy but I could be wrong.
> > Texas does have some major funding problems right now though as do most
of
> > the states. Part of the problem is due to cutting back on taxes. New
> Jersey
> > actually borrowed money for tax relief under the previous
administration.
> >
> > The Administration's policies definitely  have an impact on the market
> > though.
> >
> > Bob Lewis
> >
JLBeamish{at}rogers.com> wrote in message
> > news:3ed4a96c{at}w3.nls.net...
> > > I find some of the items just too incredulous.
> > >
> > > For example:
> > > (a) > Cut taxes and bankrupted the Texas government to the tune of
> > billions
> > > in
> > > > borrowed money.
> > > (b) > First president in U.S. history to have all 50 states of the
Union
> > > > simultaneously go bankrupt.
> > >
> > > The government of Texas declared bankruptcy?  All 50 states declared
> > > bankruptcy?
> > >
> > > And then there are the things for which he had no possible impact:
> > >
> > > (c)> Set all-time record for biggest drop in the history
of the stock
> > > market.
> > >
> > >
> > >
> >
> >
>
>

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