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Politics : PRESIDENT GEORGE W. BUSH
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To: Kenneth E. Phillipps who wrote (319933)11/16/2002 10:39:10 AM
From: D.Austin  Read Replies (3) of 769670
 
In an economic slow down tax cuts are necessary, not tax
increases. If you have to run budget deficits caused by tax cuts in
order to stimulate the economy then you do so.

This economy will require a whole variety of corporate and
individual tax cuts as this cycle is completed in order to offset the
devastating effects of the debt bubble collapsing.

The bottom line is that yes we are deflating and yes it is being
caused on purpose by the FED in order to remove the overcapacity in the
US economy.

But, deflation need not lead to depression as long as our federal
government leaders are strong enough to stand up to the "people" and
those fiscally liberal members of congress pandering to them.
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