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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?


To: Charles Tutt who wrote (37486)2/7/2000 4:22:00 AM
From: Thunder  Read Replies (1) | 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)."


In all due respect Charles, this is On Topic, for this very matter infiltrates the very marrow of our company and of our society.

I am not a Republican, Democrat or a Independent.
I am however a fiscal conservative who believes government should have a limited role.

"The government has invented something called "deficit spending"
The part of government that has invented this is the part that needs to be dismantled. IMO starvation of capital will do the trick.

"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."
The spending cannot occur if it's not there, the rest is history. <grin>




To: Charles Tutt who wrote (37486)2/7/2000 6:12:00 PM
From: nommedeguerre  Respond to of 74651
 
Charles,

"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."

Why bother even with basic economics? To most of these people Microeconomics is a pack and Macroeconomics is a carton.

Cheers,

Norm