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 : Impeach George W. Bush -- Ignore unavailable to you. Want to Upgrade?

To: jttmab who wrote (1740)	2/9/2001 8:48:56 AM
From: Kenneth E. Phillipps	Read Replies (2) \| Respond to of 93284

“The last time I saw a tax cut of this size coupled with proposals for significant increases in defense spending was 20 years ago in the first term of Ronald Reagan,” Rep. Michael McNulty, a New York Democrat, said after members of Congress met Bush at the White House Wednesday. “And that proposal resulted in the largest budget deficits in the history of the country and, over a 12-year period after that, quadrupled the national debt,” McNulty said. “I don’t want to see that happen again; I don’t want to go back to the days of deficit spending.”

To: jttmab who wrote (1740)	2/10/2001 10:39:22 AM
From: Oral Roberts	Read Replies (1) \| Respond to of 93284

Lets say we differ in our opinion of what the USSC did:) As for tax cuts I'm still trying to digest all of this. While I feel that I pay too much in taxes, I don't know that to be a fact. I don't think with the overall slow down in the economy that we will have near the surplus that is being projected. It is a given that they will not be collecting huge amounts of capital gains on stock sales at this point:) I am concerned with DC's spending habits more then I am concerned about my tax bill. I fear that we will have a big reduction in revenue without any slow down in spending to be honest. I am also not convinced that a tax cut is going to do anything with this train wreck of an economy at this point. Until some confidence comes back in the market and in peoples heads people are not going to be quick to spend. Perception is reality as far as people's spending goes, and the perception is not good at this point IMO.