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

To: asenna1 who wrote (118280)12/20/2000 3:50:13 PM
From: Neocon  Read Replies (2) | Respond to of 769670
 
Debt service is a normal part of the budget. If there is a surplus, paying down the debt will occur naturally. No one is eager to pay future obligations now, because it will cost more than necessary, since some people will cash out before maturity. Thus, paying off the debt means the "lock box", reserving funds. But reserving funds in substantial amounts would sharply reduce aggregate demand, and produce a recession. Therefore, it is a bad idea. Plus, a lot of private debt is likely to be paid off by decreasing pressures to roll it over.......



To: asenna1 who wrote (118280)12/20/2000 3:54:53 PM
From: peter a. pedroli  Read Replies (1) | Respond to of 769670
 
screw the debt! cut government get rid of Dept. of Commerce, Education, Energy, HUD and GIVE ME A TAX CUT!!!!!
what you need to keep can be consolidated into other departments.
cut Government by 7% over the next 4yrs and the savings
will be more than enough to pay of the DEBT. GIVE ME A TAX CUT!!!!!!!


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