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

To: Kenneth E. Phillipps who wrote (28372)	8/7/2000 4:15:58 PM
From: J.B.C.	Read Replies (1) \| Respond to of 769667

The government has only spent less than has taken in because of the recent tax bonanza from stock market gains and the growing economy(aka Business taxes), AND that it came AFTER the budget policy set prior to October 1st. Basically, they couldn't spend it because it wasn't there at budget time. Do you think they're going to let that sit around UNSPENT? You understand less about politicians than you profess, lucky you that your econ grade can go no lower. Understand this: the money is only being used to reduce the amount the amount of borrowing that the government needs to do thus reducing the amount of near term borrowing. No actual reduction in the "National Debt" has occurred. Jim

To: Kenneth E. Phillipps who wrote (28372)	8/7/2000 6:09:21 PM
From: Ish	Respond to of 769667

<<There is a surplus in absolute terms. >> There is no surplus. None. Nada. Can't be a surplus when the government is ?? trillions in debt. And it grew last year. Now some of that debt needs to be paid down. When Kennedy reduced the tax rate the paid taxes went up. More investment made for much higher income. Less ouch to the tax payer and more for the government. OTOH I will say we still need some government debt. What better safe haven than T-Bills?

To: Kenneth E. Phillipps who wrote (28372)	8/7/2000 7:09:00 PM
From: Les H	Read Replies (1) \| Respond to of 769667

The proper way to look at it is they're taxing more than they're spending. It's easy if I just write an IOU for interest payments on SS, finagle the CPI by 1 1/2 points to reduce SS outlays by $ 150 billion a year, have an internet bubble where insider sales boost cap gains taxes, ... Government spending is mostly entitlements and pork barrel. It's fueling consumption. What idiot in their right mind would pay a tax to set up schools for the internet when internet access can be had for free.