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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Scumbria who wrote (112321)	5/24/2000 4:59:00 AM
From: hmaly	Read Replies (1) \| Respond to of 1570827

Scumbia Re...<<<<<Did you know that the US accumulated more debt in the first four years of the Reagan Administration than it did in the 200+ years prior to that? Reagan's budget director (David Stockman) warned Reagan that his tax cuts and increased spending plans would have this effect. <<<<<< Scumbia, the tax cuts did indeed result in a short term increase in deficit spending rate; however if you look at the long term, the country has experienced a historic recovery; and it is this recovery, not some belief that congress learned how to control themselves, which has caused the budget surpluses. You seem to favor a return to Carter economics.

To: Scumbria who wrote (112321)	5/24/2000 11:26:00 AM
From: pgerassi	Read Replies (2) \| Respond to of 1570827

Dear Scumbria: OT I repeat that Congress controls the spending. It was the Democrats in 1980-1983 that caused the huge increase in spending that caused the big deficits. The Republicans reduced spending in 1994 to now that caused the deficit to be a surplus, something Clinton believed could not be done in 1994 till 2008 (if his budgets were passed, never). The 1993 Deficit Reduction Act did not reduce the spending by the Democrats that year or the next. That is why the public voted in the Republicans. However, even Republicans spend too much money (and not in tax reductions), if there exists a large surplus. Both parties can not stop spending too much on their favorite programs, Republicans on defense and Democrats on social programs. Any act that reduces "Available" money, helps reduce the real deficit, the money spent on taxpayers behalf. There are some in both parties that do believe that throwing dollars at a problem can be counter productive. One Congressman from my state, Paul Ryan from Green Bay, is such a deficit hawk that he wants Congress to spend as little as possible and somehow completely use the resulting cash to pay down the deficit and after the deficit is gone (both private and public), cut taxes to till there is a small surplus (for emergencies (the tougher definition)). This is the position that I would like Congress to take. Using some restraint, anything taken to extremes is bad. Pete