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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: flatsville who wrote (100063)5/6/2001 10:17:02 AM
From: Ilaine  Read Replies (2) of 436258
 
>>From our discussion I believe he's aware that any tax cut, big or small, isn't going to fuel the economy. It is more likely going into gas tanks and energy bills going forward. We discussed skyrocketing consumer debt and plummeting savings levels.<<

I have no clue what you and he, whoever he is, thinks "fuel the economy" means. As a small business owner, paying for gas in my gas tank and paying energy bills is part of keeping my business in operation. I expect you'll find that to be the case for every business.

>>They know the revenue projections going forward to support the tax cut are fantasy based.<<

You could say that about any revenue projection - they are all based on assumptions. The longer the government hangs on to the surplus, the deeper the recession is going to get.

>>I told him maybe the best strategy was to let the little idiot have his big front loaded tax cut, give things a year or two to play out and then watch him disintegrate when he has to take it back.<<

Given the multiplier effect of money - the sooner, the better. Last year would have been much better, but the big idiot was too dumb to realize that, or maybe just too involved in graft and extramarital whoopie. I think a lot of pain the economy is experiencing now could have been avoided if you guys weren't too enamoured with deciding on how to spend our money for us since we're too dumb to be trusted to make decisions like that.-ng-
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