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To: High-Tech East who wrote (18569)	8/10/1999 2:41:00 PM
From: Mephisto	Respond to of 64865

Problem with posting!!! Tuesday, Aug 10 1999 2:35PM ET To: High-Tech East who wrote (18569) From: Mephisto [They are all nuts.] Ken, I agree with you! The consumer spends enough money now. And the labor market is very, very tight. If Congress and the President vote for big tax cuts, Greenspan will have to raise rates, substantially and that will mean doomsday for the market! Mephisto

To: High-Tech East who wrote (18569)	8/10/1999 4:38:00 PM
From: hoyasaxa	Read Replies (1) \| Respond to of 64865

RE: Tax cuts. Totally disagree. The government has a certain amount of money budgeted. That amount was approved by the people. The government took in more than that amount. Therefore, it is only right that the government gives it back. The alternative is for the government to spend it or pay back its debts. Clinton has proposed what every government with a surplus proposes - spending it. Read the fine print Ken. As for the effect of tax cuts on the economy -- economic growth, currently at a measly 2 or 3 %, would increase. The economy that overheated in the days of LBJ is vastly different than the economy we live in today with enormous deflationary pressure on commodities and enomous technological change increasing productivity. As for the effect of tax cuts on the market? The liberals press and the lying, cheating self-serving President can try as they might but the market will, in the long-run, be far better off from more $$ in the peoples' hands than in big governments' clutches. My two cents. Your turn....