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

To: Scumbria who wrote (130678)	1/24/2001 3:02:56 PM
From: TimF	Read Replies (1) \| Respond to of 1578299

Have you been paying attention to the Fed over the last few years? Have they been trying to increase GDP growth? I didn't say anything about GDP growth. I was talking about the % of the GDP over 10 years that the tax cut would amount to. Its not a big %. That having been said I think a tax cut will increase the amount that GDP can grow in the long run. The problem is that the tax cut might not stick around for the long run. Future administartions/congresses can easily raise taxes some time in the future. If a Republican president steals trillions of dollars from our children, you guys don't mind. If any government action is stealing it is the tax in the first place. Tax cuts are only reduceing the amount of the theft. Tim

To: Scumbria who wrote (130678)	1/24/2001 4:52:29 PM
From: pgerassi	Respond to of 1578299

Dear Scumbria: Re: "If a welfare chisler steals $50, Republicans go berserk. If a Republican president steals trillions of dollars from our children, you guys don't mind." The biggest sustained theft is the Democrats stealing Hundreds of Trillions of our children's money to support a system that was not setup like the American People were led to believe. All else is relative peanuts compared to that. Those democrats set up a system that works like any illegal pyramid or ponzi scheme. The initial beneficaries get a lot of money while paying in virtually none. Later ones get paid more than they put in, but the ones at the bottom (our children and young workers) have to pay in huge amounts while seeing little or no benefits. If you want to talk of huge thefts, talk Social Security. Billed as a government run IRA fund, but paid for with a Ponzi scheme. FDR screwed us real good. This is the largest unfunded mandate ever. If the true cost (PV of allthe required payouts) were tracked in the budget, there would be no surplus, period. Had this cost ever been told to the public, the program would have died a quick death or been altered to a true IRA type of plan long ago when the costs of conversion would have been slight. BTW, I do agree that tax cuts should not be done until there is no deficit. But, there must be total and absolute spending controls to make sure that the current surplus and any additional tax dollar goes directly to debt reduction, period! I do not trust either party to hold to this very necessary second point (they always put too much wiggle room in). Baring the second point, the surplus should be returned to the taxpayers in ideally a prorated basis. Thus, if taxes are 2 trillion dollars and the surplus is 200 billion dollars, every dollar paid in taxes to the IRS the previous year, would get a refund of 10 cents. Its easy, its quick, and its fair. Pete