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Technology Stocks : George Gilder - Forbes ASAP
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To: willcousa who wrote (5122)10/26/2000 11:20:53 AM
From: TigerPaw  Read Replies (2) of 5853
 
I do not agree that the Clinton-Gore tax policy is reasonable
Not to get hung up over a word, let say that the Clinton-Gore tax policy was more balanced. It more closely matched the revenue and spending to produce a surplus. Reagan's policy, and by all indications Bush's policy, is out of kilter. There is a great deal of new spending initiatives while revenue is cut and even more the interest the revenue would receive is now gone while interest on the debt remains. It's an obvious formula for new record breaking deficits in the federal budget.

Reagan cured the worst inflation seen in my lifetime and did it with massive tax cuts
And the highest interest rates in living memory. CDs were paying over 20% if I recall.
TP
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