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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Zoltan! who wrote (11806)	2/22/2000 10:09:00 AM
From: Neocon	Respond to of 769670

Good editorial! Let me summarize for the reading impaired: A.) Leveraging is worthwhile if return exceeds the cost of borrowing; B.)Nominal deficits have been shrinking, and we are expecting a nominal surplus;C.)Surpluses can either be spent or rebated. We do not need any major spending initiatives, and there is no urgency in paying down the debt, which will only tempt future Administrations and Congresses to spend;D.) All of this attention to "surpluses" is distracting us from dealing with unfunded obligations in entitlements, which is part of the actual debt........

To: Zoltan! who wrote (11806)	2/22/2000 11:52:00 AM
From: DMaA	Respond to of 769670

Tax cutters (freedom fighters) are at a distinct disadvantage when arguing with big spending statists. The statests can point to tangible things bought by tax dollars; bridges, roads, gold plated government buildings, poor people being helped (though if they're being helped why are they still poor? ), and on and on. Tax cutters have a more difficult job selling the wonderful things the same money *could* build if returned to the people who pay the taxes (the rich); jobs, factories, homes, computers, taxes to pay geezers' social security, and on and on and on, because they will never come about since that capital will be squandered by the statists.