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To: michael97123 who wrote (17274)1/26/2001 2:29:15 PM
From: Tunica Albuginea  Read Replies (1) | Respond to of 24042
 
There are still many doubters. That is technically a very bullish indicator.
Many buyers have " buyers' paralysis right now ".
Are unable to focus on the benefits of tax reduction because they
have been brainwashed against lowering taxes by 8 years of Clinton-Gore rhetoric.
Let us not forget: Clinton came in 8 years ago promising
a tax cut and instead we got the biggest tax increase in 30 years.
The result? A surplus, which now they want to spend.
On a drug plan...or whatever. The first foot through
the door of another expensive entitlement - social program.
The first Medicare plan was going to cost 300,000,000 dollars.
It is now a ......??? 100 billion program? ( help me here ).

Why? Because Exhorbitant taxation is at the base
of every re-distributionist system from the
Communist to the Socialist to the " US Democratic " system.

If the concept of taxation to achieve equality fails, then
the whole " raison d'etre ", reason to be for the
Democratic party is gone.

I do not blame the Democratic party alone.

I believe the Republican Party in the US has committed
similar atrocities of over taxation and redistribution.

They where " Republican " in name only ,

George Bush Sr. was an example of that:
"read my lips, no new taxes ".
He lacked the fortitude of his convictions,

TA



To: michael97123 who wrote (17274)1/27/2001 11:21:24 PM
From: Tunica Albuginea  Read Replies (1) | Respond to of 24042
 
Greensapn said in JAN. 1999 :" He prefers Tax Cuts to More Spending:

Greenspan: " Well, as I've said many a time
—and some of your colleagues have repeated my mantra—
that is,
I would, one, prefer that we keep the surplus in place.
If that proves politically infeasible, cutting taxes is far superior to spending,
as far as the long-term stability of the fiscal system and the economy is concerned ".

[Emphasis added.] (Transcript of Senate Budget Committee, January 28, 1999.)

mediaresearch.org
The networks distorted Alan Greenspan’s opposition to
tax cuts, ignoring how if the alternative is more
spending, "then I very strongly support tax cuts."


mediaresearch.org
.
.
"Cut Taxes, If Surplus Cannot Be Saved,"
Greenspan Says

Wednesday, January 20, 1999

google.com
TA