SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Why should I (conservative) stay in the Republican Party?
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Yogizuna who wrote (224)2/19/1999 10:33:00 PM
From: Greg Jung  Read Replies (1) of 246
 
We've done ok with the tax structure as it is, the oil gluts have periodically given the fiscal stimulus that big tax breaks would provide. Thirdly the "virtuous cycle" of holding the line on budget, getting lower rates and resultant lower govt debt payments all play into the economic momentum. More fiscal stimulus is simply eye candy. Especially as how the fruits of the economy are funneled to the higher income end, why insist on a reversal of the policy. A tax cut based on a blanket increase in standard deduction may be a good way to implement a cut. Remember where the bulk of the debt arises;
corporate welfare instituted by the reagan congress (very shady capital depreciation allowances) and middle-class welfare for the military-industrial complex. We have so many artifices in the economy its hard to say what's right.
As to whether the change of power induced economic turn or not, I speak from my personal observations of a subjective nature. Of course the economy is always cycling between highs and lows, you might prefer to trace it back to Paul Volcker and 12% mortgage rates, the reagan recession and relentless fed followed by the defense build-down begining with Bush and continued with Clinton (to much pain for the politically helpful state of Ca, btw). The budget deal was a final blow to strengthen the dollar and bring down the interest rates.

Greg
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News