*OT* Rate cuts will bring the boom (3-4% growth) back...no tax cut needed until debt paid off (or down to a low % of GDP)..
Of course, if we go into a moderate/deep recession, I would argue for additional fiscal stimulus...and then, paying that off when the boom hits...in a way, paying off the debt now is a result of paying our bills from the 80's..(era of high economic growth)...got to pay our bills....without question, some of the boom in the 1990's is due to our more responsible fiscal policy...you want to give that away?
(Call me a education independent, but, even though we spend a lot on education, I don't think we spend enough still (of course, we need to get much more efficient with what we do spend)..financial education for kids/young adults should be a huge priority as well as, ahem, "reproductive" education...a totally new drug policy also needed, but that's another story...) |
