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Politics : Impeach George W. Bush
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To: rich4eagle who wrote (1228)1/13/2001 9:37:23 AM
From: Les H  Read Replies (1) of 93284
 
If you can't eliminate or reduce entitlements when you have high employment, then the economy is in a boatload of trouble in bad times thanks to the government misappropriating private savings. The private savings rate should be targeted to 10-15 percent. The only way to do that is cut government taxes and government spending at the same time. Getting rid of tax breaks, credits, etc. ensures that people at the same income keep the same amount after taxes. It's up to each individual whether they are producers, savers, or consumers.
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