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Politics : PRESIDENT GEORGE W. BUSH
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To: American Spirit who wrote (447219)8/26/2003 12:32:46 AM
From: David Howe  Read Replies (1) of 769667
 
You can't understand simple theories like economic cycles? Budget deficits are the result of two things:

1. The recession that ALWAYS follows periods of economic expansion. The government takes in less money during a recession (ie. less capital gains taxes, less personal income taxes, less business income taxes, etc.)

2. Lowering taxe rates to increase the speed of the recovery, or lessen the depth of the recession or both. An important ingredient for getting the economy back on its feet is tax cuts.

Those two things increase deficits and those two things are unavoidable if an administration wants to protect the long term health of the economy.

This is pretty basic.

Dave
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