PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: Scumbria who wrote (142518)	5/4/2001 1:19:41 PM
From: DMaA	Read Replies (1) of 769670

You're wrong. Democrats in Congress would still fight ANY TAX CUT tooth and nail, debt or no debt. History show that their lies and demagoguery are very effective and they would probably get their way. Here are the policies to pursue if one is serious about paying down the debt - which may or may not be a worthy goal: 1. Receipts - Eliminate the capital gains tax and slash marginal tax rates back to Reagan era levels and then even more. The economy will gallop ahead and receipts will burgeon. This is not a radical idea. It happens ever time and every where it is tried. It is main stream economics. Elementary actually. 2. Spending - Work for and elect Conservative Republicans and (if you can find one) democrats. These are the only people who even give lip service to the concept of restraining spending growth (let alone rolling it back). Moderate Republicans spend like drunken sailors and democrats won't be satisfied until Washington one way or another controls every dime of GDP. Even then they won't be happy since they need enemies and crises to get reelected. If we repaid the debt tomorrow, that would provide a $3 trillion tax cut over the next ten years.

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