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Politics : PRESIDENT GEORGE W. BUSH
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To: TigerPaw who wrote (38140)9/19/2000 6:24:24 PM
From: Ish  Read Replies (1) of 769667
 
<<What is needed now is to retire those Federal bonds that take up so much of the budget in interest payments. Then the government expenditures will be less, and a meaningfull tax cut will be appropriate for the right reasons instead of all the wrong reasons at the wrong time.>>

I used to believe that, pay off the debt. But after listening to some major $$ guys, the debt isn't all that bad. It does provide safe harbor for money and in that way supports the markets. Plus it hasn't drug down the "greatest market in history".

Also a tax cut brings more tax revenue due to higher incomes.
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