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

To: Fangorn who wrote (29402)	8/15/2000 12:39:45 PM
From: Kenneth E. Phillipps	Read Replies (3) \| Respond to of 769667

The truth is "The National Debt has continued to increase an average of $45 million per day since August 2, 1999!" So, lets have a huge tax cut so it can increase even faster. This is a time for fiscal discipline. The Republican Party has become the party of fiscal irresponsibility. We should remember the economic advice given to us by President Kennedy shortly after his inaugeral. During good times with full employment, we should run a budget surplus and use it to pay the debt. The Kennedy tax cut and the Reagan tax cut came during periods of high unemployment with little inflationary impact. We now have practically full employment. The Bush tax cut would be certain to add inflationary pressure. If Bush gets elected with a Republican Congress, I will sell stocks and buy bonds because the Fed is certain to raise interest rates. Greenspan has warned Congress to refrain from a tax cut at this time. They should listen to him.