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To: Tunica Albuginea who wrote (17278)1/26/2001 2:38:15 PM
From: michael97123  Read Replies (2) | Respond to of 24042
 
It was good thing when the surplus was used as a substitute for government spending but putting current economic malaise aside, the long term interest of a "dynamic" economy is lower rates accross the board--at the bottom rung because it leads to spending and a diminishing need for government intervention, at the middle so young families can prosper and get to spend/invest based on their own judgement and at the top where tax savings flow directly into capital formation. We could live with the higher rates in the clinton era but higher rates and surplus will be our undoing now. We need to grow our way out of what remains of our national debt by seeking balanced budget with tax relief and targeted spending in some areas.