Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: TimF who wrote (131563)	2/5/2001 1:18:03 PM
From: Scumbria	Respond to of 1570527

Tim, I believe that deficit spending is important to stimulate the economy during a major economic depression. In order to facilitate this for the future, you need to start with a clean slate (i.e. no current interest payments.) The economy is doing great now, and there is no excuse for not paying back our current debt. We will need that buffer in the future. After the debt is paid off, the remaining surplus should be returned in the form of tax cuts. Republicans used to be very responsible about his until 1981, when Reagan seduced most of the party into mind-numbing stupidity. Scumbria

To: TimF who wrote (131563)	2/5/2001 1:28:36 PM
From: Joe NYC	Read Replies (1) \| Respond to of 1570527

Tim, I have seen an interesting idea of the government using refunds rather than tax cuts. Say the year ends with 200 billion surplus, and say you want to dedicate 100 billion to tax cut, you just send the taxpayers checks back. This way, government can't get back to running deficits, and there is an incentive to keep the government spending reasonable, because it will increase the size of the refund. But I would still prefer cutting tax rates, since the current tax rates are a multiple of what serfs had to pay in middle ages, and a few more years of Democrats in power, and we would be back to slavery. Joe