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Politics : American Presidential Politics and foreign affairs
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To: TimF who wrote (25905)2/8/2008 9:05:57 PM
From: DuckTapeSunroof  Read Replies (1) of 71588
 
Re: "If you say "X has caused more harm than benefit."

AS I EXPLAINED (for what seems like a dozen times or so now... :-) that was the conclusion of OMB, CBO, and Trend Macrolytics, (back when they were asked to model the economics of the tax and budget changes Bush was proposing).

In short... what ALL THREE efforts said was:

1) Lower taxes GOOD. (Increase economic performance of the US economy.) but,

2) Federal Deficits BAD. (Lower economic performance level of the American economy).

What all three projected was that UNLESS FEDERAL SPENDING WAS REDUCED that *all measurable benefits* from the proposed tax changes would be washed out by the counter-trend of harm from continued significant deficit spending. ('Washed-out' by around 'mid decade' or so... which I believe has come to pass.)

Re: "idea that it isn't an opinion...."

$200 Billion federal cost (this fiscal year) for interest on the national debt is not an 'opinion', LOL!

It approximately matches the entire cost this year for the Occupation of Iraq ($190 Billion and counting....)

Next fiscal year, interest expense will quite likely be the much greater expense....
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