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Strategies & Market Trends : Paint The Table
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To: Augustus Gloop who wrote (13128)2/5/2002 4:11:57 PM
From: Jorj X Mckie  Read Replies (1) of 23786
 
Well, you know my views on taxes...but, it ain't gonna be easy.

Remember, the gov't also benefitted from the mania and I guarandamntee ya that the gov't did exactly the same thing that us bubblemaniacs did....that is, they expanded their spending to meet the cashflow. So now the gov't is going to be feeling the squeeze of less cashflow from taxes.

So to cut taxes, the gov't will need to cut expenses. This brings us to Mrs. Peel's favorite topic of gov't layoffs. Do you think this is going to happen?

If the gov't cuts taxes and doesn't reduce spending, how else can they make the equation work? Print more money? Do more coupon passes? I don't know how it works (and I know that the fed is not really "gov't") but it seems like the only solution will be inflationary.

I wonder if there is any validity to my suggestion that there is a gov't bubble too.
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