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After wasting time for 11 months, a final year 2000 Budget has been passed.

Mr. E.A. Sr.

 

November 21, 1999

 

Rep. J. Dennis Hastert,R-Ill                 Sen. Trent Lott,R-Miss.

House Office Bldg                                Senate Office Bldg

Washington, D.C. 20515                        Washington, D.C. 20510

 

Dear Rep. Hastert & Sen. Lott,             Re: Year 2000 BUDGET

 

After wasting time for 11 months, a final year 2000 Budget has been passed.  You Republicans are

claiming much of the credit for the 98 & 99 Budget Surpluses when the credit belongs to President

Bill Clinton and his 1993 Economic Plan.  Republican version 1994 CONTRACT WITH AMERICA

called for a Balance Budget in the year 2002 using $115 Billion of Social Security Trust Fund money.

A FAR CRY FROM BUDGET SURPLUS.  Give President Clinton credit where credit is due.

 

The President of the United States submits a yearly Federal Budget to Congress.  The money needed

for the budget originates in the House subject to a Presidential VETO.  Keep the pork out!

 

The Reagan Economic Boom of the 1980's was fueled by BORROWED MONEY which added to our

National Debt.  Debt before Reagan $998 Billion yearly interest $74.9 Billion.  Look what happened

after 12 years of Reagan and Bush:

     DEBT                                    YEARLY INTEREST

1981     $   997.9    Billion                    

     DEBT                                    YEARLY INTEREST

1981     $   997.9    Billion                         $  74.9 Billion All presidents before President Reagan

1982     $1.142.0    Trillion                        $117.4 Billion

1983     $1.377.2    Trillion                        $128.8 Billion

1984     $1.572.3    Trillion                        $153.8 Billion

1985     $1.823.1    Trillion                        $178.9 Billion

1986     $2.125.3    Trillion                        $190.2 Billion

1987     $2.350.3    Trillion                        $195.4 Billion

1988     $2,602.3    Trillion                        $214.1 Billion

1989     $2,857.4    Trillion                        $240.9 Billion

1990     $3.233.3    Trillion                        $264.8 Billion

1991     $3,665.3    Trillion                        $285.5 Billion

1992     $4,064.6    Trillion                        $292.3 Billion

 

The National Debt stands at approximately $5.6 Trillion and has increased about $1,535.4 Trillion

in the 7 years of President Clinton but if you take away the extra REPUBLICAN INTEREST on the

National Debt, PRESIDENT CLINTON HAS TO BE THE MOST CAPABLE ADMINISTRATOR

SINCE PRESIDENT FRANKLIN D. ROOSEVELT.  So don’t take credit for something that you

Republicans had nothing do with.  You increased CORPORATE WELFARE!

 

The booming economies in all 50 states are the result of the Clinton 1993 Economic Plan.  If we were

to phase out CORPORATE WELFARE in say 3 years, 50% 2000, @25% 2001 and 25%2002 this

country could probably be on it’s way to being out of Debt and the average man and woman could

partake in the quality of life that this country is capable of producing.  In my opinion, at the present time we are ruled by Special Interest Groups & this goes for all branches of government from Local,

State and Federal.  Campaign Finance Reform has been tabled, where is Bush, Jr. getting all of his

Campaign Money from?  There is always a payback time.                       

 

So when it comes to taking CREDIT FOR A JOB WELL DONE, my hat goes off to President Bill


Page 2 Hastert-Lott from Mr. E.A. Sr.

 

Clinton and the Democrats, they care about the welfare of the average man and woman in this country.

 

Lately you Republicans are touting your concern for Social Security and Medicare, this is contrary to

normal Republican concerns. Rep Nick Smith, R-Michigan wanted this country to default on the debt

payments (first time in the history of this country) during the two Republican federal government shut downs in 1995 and Smith is concerned about Social Security.  Remind him that there is an old

saying “YOU GO TO HELL FOR LYING!”

 

So! Quit saying that you are interested in saving Social Security and Medicare, you are interest in the

40,000,000 plus votes in the year 2000 elections.

 

You Republicans are allowing one big time merger after another, inflation is at a 30 year low but the

Federal Reserve has raised interest rates 1/4 of 1%   3 times lately resulting in a $7.50 per $1000 per

month increase in interest payments on variable rate home mortgages and installment loans. The only inflation was in the Bank profits.  Rein in the Federal Reserve! The little guy got hit again!

 

I REALLY DON’T KNOW HOW MOST OF YOU REPUBLICANS SLEEP AT NIGHT. YOU’VE GOT TO HAVE NIGHT-MARES!

 

Incidentally, with each of Clinton’s 7 yearly Federal Budgets the yearly deficits have gone down            

contrary to the 12 years of Reagan and Bush, where each of the 12 Reagan-Bush yearly Federal        Budget deficits had gone up resulting in a $.32 Trillion addition to out National Debt. I don’t hear you Republicans claiming credit for that.  Some will say he had a Democrat Congress but Reagan and

Bush ruled with READ MY LIPS, NO NEW TAXES!  They borrowed the money.  They spent over

$2.5 Trillion on a military buildup.  I’ve read that we had a 50 year supply of military tires.  They

would probably turn to stone by the time they were used.  The Military-Industrial complex was running 7 days week with NO WAR! $4 Billion aircraft carriers etc.  That was what the Reagan

boom was about!  They almost broke the country.  This points to the REPUBLICANS BEING THE

BIG SPENDERS!  FIGURES DON’T LIE BUT LIARS FIGURE!

Respectfully,

 

 

cc: President Clinton, Vice President Gore                           Mr. E.A. Sr.

      Reps. Gephardt, Upton, Bonior                                        Law abiding citizen

            Sens. Levin, Daschle                                                            WWII Combat Veteran

     Harry Thompson, Harold Lawrence, Rudy Sterk

           

 

National Debt and interest figures are from 1999 WORLD ALMANAC

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