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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Scumbria who wrote (129817)	12/18/2000 1:58:47 PM
From: Jim McMannis	Respond to of 1570184

RE:"We better hope so. A huge tax cut with $5 trillion debt would be disastrous to the economy. We should be using any surplus to pay off our debts. The US is currently making almost $1 billion in interest payments every single day. This is an obscene legacy we are leaving our children. Bush is an idiot." Scumbria, Bush doesn't take office until Jan 20. Clinton is the one who gave the big tax cuts. Gifts to the rich as the Dems say. Clint was a good republican president. You actually seem to miss the whole point of government tax and spend...which surprises me a little. Once the government spends, it's got h$ll to take the money back...that's the spending side. It's relatively easy to give a tax break. So the deficits roll up as the people learn to vote themselves all the money and tax cuts to boot. My contention is to scrap the system and simplifiy it. One program at a time with a flat type of tax... Jim

To: Scumbria who wrote (129817)	12/18/2000 5:34:00 PM
From: pgerassi	Read Replies (1) \| Respond to of 1570184

Dear Scumbria: Your diatribes on Bush will come floating back to hit you in the face. If you do not like a $1.3T tax cut over 10 years, perhaps you liked Clinton-Gore's more than $5T Kyoto agreement for the same period better (talk about tax increases and costs to the economy, WOW!). If you did, your actions do speak louder than your words (perhaps you would spend more time on trains instead)(Many would use the H word). As long as Bush keeps the budget balanced after the SS taxes are removed from the budget, there will be less public debt. If he can reform SS into a self supporting entity from the current pay as you go one as it is now, then all of the liabilities from prior Democratic Congresses (these were enacted when the budget hit was small but, the fixes involve HUGE tax increases and did not fix the problem permanently) will be removed. Also we need fundamental Medicare and Medicaid reform. They spend too much as it is. You harp on one number and forget the rest. Typical Liberal short sightedness. If future liabilities were accounted for, Democratic Congresses and Presidents, spent much more than even you would stomach. Besides, if the deficit hit is too much, many Republicans would vote it down (for example Representative Ryan from Green Bay, WI would quickly vote against it) and it may not see the light of day. BTW, I would rather the debt (all of it, public and government) be paid first. That is what I do at home. Pete