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To: UnBelievable who wrote (63438)1/31/2001 9:22:31 AM
From: Les H  Respond to of 436258
 
So they can spend what they haven't got, or to pull out more equity out of homes and spend it. A sales tax would be more equitable than an income tax given the large price we're paying to educate the immigrant children flow and to build new houses and roads. They spend over $ 9,000 per kid here, and over $ 16,000 for special ed, many of which are English-deficient.



To: UnBelievable who wrote (63438)1/31/2001 9:25:59 AM
From: chic_hearne  Read Replies (1) | Respond to of 436258
 
I thought the whole point of the rapid reduction in interest rates was to prop of the stock market so that consumers would feel confident and keep spending.

UnB, please explain to me how consumers can keep spending when they are already overextended more than they should be on credit, oil and NG are eating a hole in their pockets, and the big extravagant spenders have lost their ass on the Naz already?