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

To: Scumbria who wrote (132045)	2/9/2001 1:18:51 AM
From: Joe NYC	Read Replies (1) \| Respond to of 1570748

Scumbria, It serves no purpose for one individual in isolation to try to pay off the debt, but if we can agree to work together towards the common good of our country, we can accomplish it. Rather then accept your defeat to W. again, you should take it as a challenge. Organize the 50 million or so people who voted Gore, the people who like you rejected the tax cut, and have all of them send their refunds to the federal debt reduction. This will serve 2 purposes. You will defeat Bush, and you will reduce the tax cut in half, from 1.6 trillion to 800 billion. According to some Democrats in Congress, 800 billion tax cut is something they can live with. Problem solved. Joe

To: Scumbria who wrote (132045)	2/9/2001 1:35:30 AM
From: hmaly	Read Replies (1) \| Respond to of 1570748

Scumbria Re..We currently have a $200 billion surplus, which is about to be trashed by a greedy President and Congress. The money should be spent wisely, and used to pay off the debt. <<<< To me, and the average american; I would be far better off to be able to pay off my debts now, rather than the governments portion of my debt; because the interest rates I pay are far higher than the government pays. For instance, I owe about $100,000 with my house and business debts. I also owe another $80,000 for my share of gov. debt. That totals $180,000. But I am paying on av. 9% for the money on my $100,000. However, the gov. is only paying 5.5% on my share of the gov. debt. So it makes sense that my children would want me to pay off my portion of debt first before I pay off gov. portion of debt. To me, I can't figure why you feel paying off the gov., debt is more important to me, than paying off my house and business loans first. If I can't pay off my personal loans, the banks get my house and business. If the gov. can't pay the bondholders get screwed, but I still have my house and business. Secondly, there are other types of debt which I consider far more dangerous; mainly credit card debt and foreign trade debt. Credit card debt because once that gets to high, the consumer must cut back, and a recession can be the result. Trading debt, because that money is owed to foreigners and is taken out of circulation here. But what would happen when the foreigners decide they would rather hold marks or yen than dollars. Then the dollars would flow into the banks in exchange , and when these dollars come back home, they would cause inflation big time because there would be far too much money and too few goods to buy. It serves no purpose for one individual in isolation to try to pay off the debt, but if we can agree to work together towards the common good of our country, we can accomplish it. What are you talking about? Every little bit helps. The Reagan idea of an unaccountable tax cut is a cancer which is eating at the soul of your party.<<<<< And the dems position that taxes are good for you will hurt them big time.