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

To: Kenneth E. Phillipps who wrote (28442)	8/7/2000 8:59:11 PM
From: Scarecrow	Read Replies (2) \| Respond to of 769667

Consumer Borrowing Rose $12 Bln in June This is what Greenspan is worried about. A tax cut would only make this problem worse. You concoct a rich brew of arrogance, gall, and foolishness. 1. Did it ever -- EVER -- occur to you that the reason people are borrowing was BECAUSE they have bills and mortgages to pay -- bills that they otherwise could pay if they hadn't been OVERCHARGED by the federal government? 2. Did it EVER occur to you that a tax cut could actually help ALLEVIATE this situation by giving people THEIR OWN MONEY BACK and letting them pay down their debts and escape what for some may be crushing debt-service payments?? 3. You guys -- like Clinton who talks about the surplus as "OUR surplus" as though the money BELONGS to the government -- really take the cake. After all, a pointy headed government liberal knows FAR BETTER how to spend my money than stupid ol' me. I mean, I'm just the guy who worked for and earned it. Then you say, well, people wouldn't pay down debt -- they'd just spend it on something frivolous and cause inflation. AND WHAT DO YOU THINK A FEDERAL GOVERNMENT WOULD DO? The idea that you're the nanny and must hold the taxpayers' money in your apron pocket is the most arrogant belief possible. It's not your money. You overcharged for government (and I hate to use this word in this context) "service." (I know, an oxymoron.) You're like a checkout clerk who overcharges a customer and then keeps the money under the pretense that you know what to do with the money (more than the customer) -- and then you blow it on something else. The over-charging -- and that's exactly what this is, although liberal democrats view it as under-spending -- deserves to be returned to its rightful owners immediately through bracket reduction, marriage-penalty relief, estate-tax repealment, and other measures. IT'S NOT YOUR MONEY! YOU HAVE NO RIGHT TO TELL OTHER PEOPLE HOW TO SPEND THEIR MONEY, YOU SOCIALISTIC, PLANNED-ECONOMY FREAK!

To: Kenneth E. Phillipps who wrote (28442)	8/7/2000 9:31:29 PM
From: Les H	Respond to of 769667

A tax cut would not increase borrowing since it would increase disposable income and decrease the need to borrow. It's the idiot liberal tax code. It encourages spending and discourages saving. All you have to do is look at the mortgage interest deduction. Most people are using it to write off their car payments, education, investment interest, vacation, etc. Since the tax increases of Bush/Clinton, the savings rate has dropped precipitously. If you were really against tax cuts as inflationary, you'd be against the Earned Income Tax Credit (EITC). The goal of that program is purely to take money from Paul and give to Peter with the goal that Peter would make the same net income as Paul. Many people take out refund anticipation loans from tax prep firms for EITC and spend it beforehand.