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Politics : Formerly About Advanced Micro Devices
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To: bentway who wrote (313466)12/2/2006 9:50:54 AM
From: combjelly  Read Replies (1) of 1573930
 
"I'm wondering if this supply-side meme of "we'll cut taxes, raise revenues and cut spending to bring the budget into balance" will EVER die?"

Probably not. It is too convenient. Even when you show them the data that it doesn't work, they close their eyes and stick their fingers in their ears and go "LALALALALALALALA". And then they babble about how, because the debt is still lower than the GNP we are fine. It is sort of like saying that just because their debt is smaller than their net worth, it is ok to max. the credit cards and any lines of credit as the finance charges eat a significant part of their income. I've seen people do that, it always ends in bankruptcy...
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