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To: Robert Douglas who wrote (2838)	1/3/2001 9:38:00 PM
From: hobo	Respond to of 3536

Besides, do you really think that Uncle Sam can resist spending that or actually pay down debt? That's up there with, "I'll respect you in the morning," and "The check is in the mail." lol.... however i do think that there is a strong enough consensus from the majority that the debt should be at least substantially paid down. the thought of an Uncle Sam who could get a "margin call" (via higher interest rates), has a lot of people concerned enough to support the effort to pay it down. particularly, after what a lot of people have experienced lately in reference to margin calls. the politicians...? yes, a risk, but not if fiscal discipline is exercised. think of government debt is like borrowing money from the sopranos...

To: Robert Douglas who wrote (2838)	1/3/2001 9:48:27 PM
From: Hawkmoon	Read Replies (2) \| Respond to of 3536

Sounds like I'm the only one if favor of the Bush tax cut. Take heart Robert... I'm with you in supporting the tax cut. I agree with Bush that, as a matter of principle, no one should have to pay more than 33% of their income in taxes. "Across-the-board tax rate reductions in the 1920s reduced the top rate from 71 percent to 24 percent. The economy boomed, growing by 59 percent between 1921 and 1929. In 1930, Herbert Hoover raised tax rates from 25 percent to a maximum of 63 percent, and Franklin Roosevelt boosted them to 79 percent later in the decade. The 1930s, to put it mildly, are not remembered as one of the American economy's better decades." heritage.org Besides, lower taxes frees up capital to be reinvested permitting the creation of more income, and more income taxes based upon economic growth: heritage.org

To: Robert Douglas who wrote (2838)	1/4/2001 9:00:13 AM
From: Lee	Read Replies (2) \| Respond to of 3536

Robert, I too am in favor of the Bush tax cut. $500 per family will be helpful antidote over the next few years. I also believe it will be renegotiated in congress to less than the original estimate. I am amazed at how many people are no longer for tax cuts. The same friends who were all for tax cuts before we started to pay down the debt now view cuts as irresponsible. It has also become an all or nothing decision. Either we pay down the debt or cut taxes. Somehow $1 trillion in tax cuts leaves no money left for debt reduction. Yet most people do believe the money for debt reduction is there regardless of the path of the economy. Lowering tax receipts to closer to the historical average I believe is the responsible path to ensure the prosperity that enables debt reduction. Regards, Lee