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Technology Stocks : Intel Corporation (INTC)
INTC 44.06-3.2%Jan 12 3:59 PM EST
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To: greenspirit who wrote (27715)7/30/1997 8:26:00 AM
From: Barry A. Watzman   of 186894
 
Re: the tax cut

There will be a TREMENDOUS amount of money pumped into the economy next spring when people get their 1997 income tax refunds. The economy is already at full tilt. In my opinion, taxes should not have been cut, instead a reduced deficit or even a surplus should have been run. In order to have a balanced federal budget over the long haul, you need to run a surplus in good years to offset necessary deficits in bad years.

I think that the inflation gun has been cocked and loaded, and a timer has been attached to the trigger. It goes off next spring, although the effects might not be felt until next fall.
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