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


To: Kenneth E. Phillipps who wrote (28278)8/7/2000 12:46:40 PM
From: Neocon  Read Replies (2) | Respond to of 769667
 
With nearly zero inflation, we can afford to risk an uptick due to a tax cut. In any event, it is a fallacy that it would increase the money supply. The money is spent already. The aggregate is not increased. There may be a minor upswing in consumer goods, but that is not clear, given that the extra money may very well be used to retire personal debt, or avoid borrowing as much for things like education. In any event, if the size of the Federal Government is going to be reduced, taxes must go down.

As for the national debt, well, the tax cut is premised on a surplus that the Democrats were likely to spend anyway.......



To: Kenneth E. Phillipps who wrote (28278)8/7/2000 12:57:05 PM
From: Les H  Read Replies (1) | Respond to of 769667
 
Greenspan sided with Bush on tax cuts over spending. Clinton/Gore's budget calls for a 13 percent increase in the budget. What they need is at least a one-third cut in the federal budget.



To: Kenneth E. Phillipps who wrote (28278)8/7/2000 1:56:04 PM
From: greenspirit  Read Replies (1) | Respond to of 769667
 
Greenspan supports Bush's tax cuts. And I think he knows quite a bit more about economics than Lieberman.



To: Kenneth E. Phillipps who wrote (28278)8/7/2000 2:03:27 PM
From: haqihana  Respond to of 769667
 
Removing the marriage penalty tax, is right. Did you hear clinton say the the repeal of that tax would favor rich people only?? What he was saying, is that rich people get married, and poor people just "shack up". I wonder what the poor people think of that opinion, by the guy that lies, when he says he is "on their side". ~H~



To: Kenneth E. Phillipps who wrote (28278)8/7/2000 2:26:53 PM
From: jlallen  Respond to of 769667
 
LOL!! Yep. Another risky tax scheme. Imagine returning the money to the folks who earned it in the first place!! Horrors!! JLA



To: Kenneth E. Phillipps who wrote (28278)8/7/2000 3:04:37 PM
From: Les H  Read Replies (1) | Respond to of 769667
 
Greenspan is comfortable with 5 or 6 percent inflation as it currently stands. The higher the inflation, the more worthless the IOUs to be redeemed at a later time by Social Security.