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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (86044)	11/29/2000 5:24:16 PM
From: Skeeter Bug	Respond to of 132070

twf, the recent crash of the naz would definitely offset some of the stimulatory impact of a tax cut. i understand the trickle down theory. it appears to me that it has the same force as a trickle up theory - but the lobbyists didn't pimp that concept ;-) i believe reagan's economic policies were net negative b/c he put the cart in front of the horse - he couldn't stop massive spending growth. now we are sitting on a pile of... debt. the first $4,000 in taxes an avg family pays now goes to interest on the debt. that's bank. let's eliminate the debt and give everyone a "free" $4k tax break. the bottom line is that very little of anything will happen, imho.