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Politics : PRESIDENT GEORGE W. BUSH
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To: Peter Dierks who wrote (697047)8/17/2005 2:31:13 PM
From: DuckTapeSunroof   of 769670
 
Like a shot of 'speed', deficit financing, smoke-and-mirrors budgets, and monsterous amounts of Fed-engineered liquidity can sure get an economy 'going'... but you can't live on it for long.

As the GAO, the CBO, and the private econometrics forecasting firm engaged by the administration to run a 'supply side' model to help sell the President's tax cuts ALL reported: by mid-decade (i.e., NOW) the net economic benefits of the policy changes recede into the negative range, and from that point forward the policies of borrow and spend, borrow and spend begin to DEPRESS economic growth below what it would have been if the status quo had been maintained and no changes enacted....
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