Advanced Micro Devices - Moderated (AMD) Message Board

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Technology Stocks : Advanced Micro Devices - Moderated (AMD)

AMD 236.32

-6.3%

3:20 PM EST

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To: Jim McMannis who wrote (79684)	5/8/2002 8:46:20 AM
From: Dan3	Read Replies (1) of 275872

Re: No...here's a classic chart. Yes, that is a classic. Keep in mind that from 1929 forward the Treasury department Kept Tightening the money supply and the executive and legislative branches cooperated to shift fiscal policy to a budget surplus - you won't see that, this time around! We haven't learned much since then, but we've learned something. Of course, Bush's policy of cutting taxes for the wealthiest couple percent of the population while raising taxes on the remaining 95% or so is sucking the life out of the economy. Social security, medicare, sales, state/local income, excise, and property taxes make up the bulk of tax collections, and they have become a burden on the middle class that's squeezing the economy. The cap on social security and medicare taxes should be removed, which would allow the rate to be drastically reduced. Self occupancy rent payments should be deductible, just as self occupancy mortgage interest is. That would put some spending power back into the hands of people who would spend the money on something other than italian yachts and 4th or 5th vacation houses.

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