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To: Thunder who wrote (37485)2/7/2000 2:19:00 AM
From: Charles Tutt  Read Replies (2) | Respond to of 74651
 
OT

Many Republicans (including you just now) have made the claim that taxes need to be cut "to take money out of the hands of the government, because otherwise the government will just spend it" (I paraphrase).

Baloney. The government has invented something called "deficit spending" which allows it to spend money it doesn't have, and hasn't hesitated in the past to do so. If taxes are cut the spending will still happen, but the deficit will rise. That will lead to a higher national debt, the issuance of more government bonds, and higher interest rates for us all.

JMHO.



To: Thunder who wrote (37485)2/7/2000 9:22:00 AM
From: Daniel W. Koehler  Respond to of 74651
 
Gary

Thanks for the nice comment. I too hold your view on taxation. Tax cuts affirm the wisdom of the marketplace and forces the bureaucracy to rethink its mission, much like a corporate downsizing. Taxes are a form of reverse triage whereby the walking wounded are sacrificed to provide more resources to the terminal cases.

Ciao, Daniel


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