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To: mepci who wrote (163250)	12/17/2000 11:51:29 PM
From: dwdkc	Read Replies (3) \| Respond to of 176387

Mepci...I don't think your second paragraph was addressed to me as I don't go for the evil analyst/market maker/Fed theory much either. But I do study the dynamics of the Federal governing process and economics in general. Tax cuts get a bad rap from the media chorus. Purely economically, it is a matter of how resources are deployed, and generally the more by the private market the better. The net effect of that is more controlled by aggregate Government spending than it is by surplus or deficit. There is also a moral component. The endless political harping on how much a tax cut "costs" and how the rich "benefit" to me betrays a disturbing lack of perspective that is almost a disrespect of private property. Enough of my rant. Whether we get a 5% cut at the margin or not isn't a huge deal anyway. But that 5% cut might only cost 2-3% of "lost surplus" in the long run due to improved growth, and the remaining 2-3% likely gets absorbed in increased spending. So no net effect on the surplus/deficit.