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Politics : PRESIDENT GEORGE W. BUSH
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To: TigerPaw who wrote (124864)2/1/2001 9:41:16 AM
From: willcousa  Read Replies (2) of 769670
 
I have been studying national income and tax policy for 35+ years. At any point in time over those years if federal spending were held constant for 5 years we would grow out of debt. When taxes are cut the economy performs better and income tax receipts actually increase. This happened after the Kennedy cuts - which were heavily pro business - and after the Reagan cuts which were heavily personal. After the Kennedy cuts spending was controlled to a great extent, after the Reagan cuts spending was essentially out of control. If you want to solve the debt problem cut federal spending and cut taxes. It has worked whenever tried.

By the way, the national debt was about 4 trillion when Clinton took office and is now nearly 6 trillion. So the concern of dems about the national debt seems quite hollow.
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