Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (5841)	7/14/2001 6:54:16 PM
From: LV	Read Replies (1) of 74559

Hi Jay, <<that is, if the money was there>> President Bush’s tax cut, it seems, derived more out of ideological rather than fiscal considerations. I don’t know whether Congress will consider reducing the scope of tax cuts given new fiscal realities or just wait till 2010 and let it all die quietly. An interesting result is that it may be that 2010 will be the only year with no estate tax here in the US. The tax plan has already been dubbed “The Assisted Suicide Act of 2010” <g>. If we don’t see signs of recovery soon, deficit spending is probably the way to go although Japan’s experience with it has certainly been far from encouraging. What were some of things that Japanese spend their money on to generate those deficits? Or were they primarily the result of tax cuts? P.S. Those Chinese anti-satellite systems sound fascinating. Big toys for big boys.

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