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To: westpacific who wrote (1775)1/20/2001 9:22:40 PM
From: GraceZ  Respond to of 74559
 
New tax cuts would increase government borrowing and therefore put pressure on interest rates as well as jeopardise continued foreign funding of the external deficit.

This is total BS and I can't believe the guy would go on record saying it. The Reagan tax cuts in the 1980's without subsequent spending cuts from Congress ballooned the deficit and the national debt.....yet, guess what? Interest rates fell. Now how could that be?


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