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Politics : PRESIDENT GEORGE W. BUSH
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To: Kenneth E. Phillipps who wrote (28278)8/7/2000 12:46:40 PM
From: Neocon  Read Replies (2) of 769667
 
With nearly zero inflation, we can afford to risk an uptick due to a tax cut. In any event, it is a fallacy that it would increase the money supply. The money is spent already. The aggregate is not increased. There may be a minor upswing in consumer goods, but that is not clear, given that the extra money may very well be used to retire personal debt, or avoid borrowing as much for things like education. In any event, if the size of the Federal Government is going to be reduced, taxes must go down.

As for the national debt, well, the tax cut is premised on a surplus that the Democrats were likely to spend anyway.......
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