Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 174.88

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10:56 AM EST

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To: cfoe who wrote (91159)	1/4/2001 12:43:06 AM
From: Peter J Hudson	Read Replies (3) of 152472

cfoe, OT OT OT Please educate me on what caused the growing budget deficits. >>Tax cuts are not "dangerous". There is nothing dangerous about giving money back to the people who earned it. to consider it "dangerous" lives in the same domain as those who think it is the government's money. It is our money! (By the way, for anyone who thinks that the Reagan tax cuts, which pulled us out of a long no-growth, high-inflation period, were in anyway the cause of the high deficits, I can point you to the figures to disprove this myth, no falsehood.)<< I agree that it is our money, but it is also our debt. Just think about the long lasting tax relief we will get when we pay off that huge national debt. I don't know how we incurred the massive budget deficits of the 80's, but I'm pretty sure it had to do with the government spending more than it was taking in. I don't want to go back there! Pete

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