Intel Strategy for Achieving Wealth and Off Topic Message Board

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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic

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11:34 AM EST

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To: William Hunt who wrote (26339)	8/10/2000 6:28:39 PM
From: Gerald Walls	of 27012

Gerald Walls ---I guess I am in the minority with tax refunds. I wish the government would forget any tax refunds and apply it to the national debt thus lowering the rate for interest rates down to 3 % if the nation was debt free. But they won't use it to pay down the debt. History clearly shows that the government will eventually spend all the money it takes in. The only way to keep them from spending it, much less efficiently than those who earned the money and to whom it actually means something I might add, is to not give it to them in the first place. Don't forget that one of the reasons that we are running a surplus is that we have the highest tax burden as a percentage of GDP since WWII (according to several investment publications). I would like to see the debt eliminated, too, but since there is no way to force the money to be spent that way they shouldn't get any more than required to pay expenses and retire some of the debt as it comes due. OTOH, the elimination of government bonds and notes could be disruptive to the financial markets...

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