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Politics : Foreign Affairs Discussion Group

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To: Neocon who wrote (144826)	9/3/2004 4:41:16 PM
From: GST	Read Replies (1) of 281500

Companies are more leveraged? No, you are making an empty comparison. Private business will borrow if it is the most economically efficient source of capital. Taxes are used to pay for current expenses as well as capital expenses. The US Government cannot pay for its current expenses -- it does not collect enough in taxes to pay its bills. You cannot refund taxes that are in excess of your current requirements because their is nothing to refund -- you are incurring an expense when you choose to refund taxes and that expense must be financed by increased borrowing. While running an operating deficit, "tax relief" is an expenditure -- a gift. The hundreds of billions in tax expenditures that have been packaged as "tax relief" are a current expense and a long term obligation if they are made permanent. When Bill Gates gets his tax relief gift, every penny of that gift will be offset by borrowing money from outside the country and sending the bill to your children, and grandchildren, great great grandchildren, and great great great grandchildren. To ignore this is just plain irresponsibility.

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