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To: JDN who wrote (40797)	1/23/2001 10:10:06 AM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 64865

JDN and that is the foolish thing, paying down the national debt, lowering interest rates will translate as a tax cut across the board as people will start to refinance their debt and will have a better cash flow. Further remember that RE in an slow expanding economy with low interest rates nudge higher, but with in an environment of lower taxes higher budget deficits are much more erratic by region which in itself is not healthy. Cutting taxes now to revive the economy is just plain dum, and the mirror of lowering interest rates and paying off national debt. The proceeds from pay off of the national debt will flow into new loans for productive means - e.g. productive investments which in turn will generate more stability. Only then wen real surpluses gather it is time to lower the tax burden. Rest my case Haim