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Politics : Ask Michael Burke

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To: Skeeter Bug who wrote (85945)	11/29/2000 4:51:49 PM
From: TimF	Read Replies (1) of 132070

a big tax cut is about the worst economic thing that could happen now. higher inflation, higher interest rates... I disagree the economy seems to be slowing down and that's without even considering the possible exaggerations of economic growth from manipulating economic statistics. By the time any effect from a tax cut can be felt the economy might benefit from the cut. Looking at it from a longer term perspective I think leaving more of the money in the hands of businesses and individuals is better for long term growth then having government take a lot of it. I would like to see some of the debt paid down but I think if the federal government has any real surplus they are just likely to spend it. Then when the economy does turn down and the budget has a deficit the new spending programs will not be canceled. Tim

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